Ann: Pilot Plant to Facilitate Finance and Offtake Alternatives, page-17

Sorry, but I can't share all the enthusiasm here.

LPD have mucked around trying to be a prospector/miner/developer/seller for over 2 years and presided over a share price that has tanked 73% from January highs of 7.1c.

Now they raise more funds to build a customer sample. Really? Who woulda thunk that the customer might not want to buy the Tonka truck model until they knew it woudl carry the load? You couldn't see this requirement at 6c or 5c or even 3c without having to dilute the crap out of value at 1.9c, or worse.

Now before I get rammed into the HC ground with that statement that they already had the mini-plant etc etc, so what? It takes 2 years of talking to off-take customers to now realise you need that bigger model? Exactly how many prospects have LPD been really talking to or was GXY pissing in their pockets the whole time?

I hope the SP sky-rockets on this announcement, but until LPD actually have a customer, or they actually have a defined resource, or they actually have a scoping study with fully financed options it's back in the bottom draw for another year. All IMHO and as a LT holder and continue to hold, but I truly hope that this last throw of the dice gets results.