lpd share price, page-31

Not fussed, classic lull when companies are funded and go through feasibility works. Director selling in an open window post the S-Max announcement, he can't sell when there's serious material things close to the bubble. Selling has been done, need a bit of clear air, then get ready for progress.

There's a funding event that must happen towards the end of the year, no point dribbling out announcements. Need sustained price rise to make the equity as easy as possible over the next few months.

New tech, traditional instos don't really invest in this area. Will need a strategic backer and other more bespoke funds to get this one over the line. Maybe some local Canadian debt funding as well but despite the realtively "modest" capex, it is by no means a lay down misere.

It was never going to be easy but I'm a believer. Management has done an excellent job to put the company in the position it is. Can't be jaded for the blip when the price was 8c. At that point in time, the company was overvalued and it was running on hype, momentum and bouyant lithium environment.

If they can get to 6c come FID, then the market cap is about $150. Capex represents about 40% of market cap - that's manageable.

Good luck to all!