lpd share price, page-5929

You noticed that too @Jasox, for many days there has been a significant number of buyer and demand in the high 30mills pushing up to the 44mill at the 0.008 level (now that has fallen below 30mill); sellers offering 20mills plus at 0.009. Despite this imbalance the news from the company has been unable to break that nine barrier.

This quarterly report has in no way made that a possibility and raises more questions:

1) What is going on with the $5.25 mill convertible note. A share issue would have to be sub 0.006. If it is set at 0.005 that is an issue of over 1,050,000,000 not including cost of the issue. Where does that leave the share price?

2) Where are all these firms requiring LCE and setting up to get offtake arrangements & agreements, BASF is very reticent and what hard bargain are they driving for (is something that will be damaging to LPD in the medium term that could harm LPD as off-takers did to AJM?

3) Apparently there is one more firm looking LCE and was interested in talks - BIG DEAL. Supposed to be a shortage of Li production post 2025 or earlier!

4) Still only three interested in our caesium and rubidium with another nibbling. What it tells me is that we are prisoners to these groups and have very little bargaining power, if any.

5) Some of the financing in progress, but nothing yet tangible?

6) Questions now reappearing about the source of where we are to obtain the sulphuric acid - restart negotiations with suppliers?

Yes, we have other areas that are progressing well and smoothly, such as: the licencing, the leases, the environmental guidelines satisfied, EISA & ESMP, the mineral reserves, and two offers have been received by a local utility for the supply of 66kV power.

But if the product isn't produce on economic terms because of 'off-takers'' demands are too onerous on pricing then all the good points from the Qtrly are just window dressing and meaningless and all for nought. We don't want to be SET-UP LIKE POOR ALTURA after a couple of years end up in a voluntary administration (VA) or Receivership.