Well, I am going to take it on the chin and deserve ridicule for trusting the public assurances given by the LPI CEO and Board over several years. In short, this is a betrayal and a disaster. It contradicts what we have been told over the years in terms of optimizing a return to shareholders and conducting negotiations based on project NPV. It is an insult in so many ways and comes at a massive opportunity cost to long term holders. Considering the money spent on the project and the cash in the LPI bank, this is a giveaway. My opinion of the LPI Board and management has been misguided.
LPI Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held
