General LPI Discussion, page-307

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Khaliqs

2,783 Posts.

117

05/09/23

10:28

Post #: 69733294
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Originally posted by Dangero: ↑

70 cents would be ridiculous.
The share price was over a dollar last year at a point where we only owned 52% of the mine. Then we secured water rights, increased purity etc etc.

Cant see it. If i was a betting man I would drink a glass of my pee pee if it was that low. Take a look back at posts comparing to other brine operations. We are even being valued at 80 cents without finance secured.

I believe it will be minimum double that $1.40 for stage 1. But this deal has to include stage 2 due to the lithium policy. Khaliqs it will be more than 70 cents.

We need to also note the amount of shares and rights lost by the board due to the underperforming share price. The quietness is deafening but they are doing the right thing and only announcing significant announcements. We could have been like Lake and announced every 2 days pumping the price. See where they are? Atleast we are fortunate to continue to accumulate at these prices. I for one am just adding till it pops.

I hope you are wrong mate. But if you are happy with 70 cents, thats great. It will be profit and all profit is good. Good luck everyone. We will either be writing like this for 5 more years or they come through with the goods and stamp this project as a total winner.

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Yeah the higher the better, i am looking at it with fresh eyes and no anchoring to a historic position which we all do when we have been in an investment for a while. I think as a starter you could use the company's own commissioned research report as a guide to valuation. For me 30c entry and a 70c exit i was happy with that R/R position relatively small as the risks are still large IMO

LPI Price at posting: 24.0¢ Sentiment: Hold Disclosure: Held
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General LPI Discussion, page-307

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