LPM 29.4% 18.0¢ lithium plus minerals ltd.

Why I bought 4 million Lithium Plus Minerals shares, page-67

  1. 2,016 Posts.
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    @2ic Hi mate, keen to get your perspective on LPM if possible, as previously I should have listened to your earlier (learned that the hard way). LPM have got an MOU for a 50% offtake allowing for non-dilutive funding. CATL's a shareholder, and LPM chairman's a mate of catl chairman. See video: https://hotcopper.com.au/threads/interview-lithium-plus-minerals-inks-offtake-agreement-with-canmax.8037942/ At present, they've got a 4.1 mt resource, with assays pending. 22m mc. 132m SOI. Latest preso here: https://hotcopper.com.au/threads/ann-riu-sydney-resources-round-up-investor-presentation.7989201/ I would have said unlikely to be economic based on the current resource. Would be awesome to hear your thoughts. Bought a few as Mr @Australian1982 has got his hands on 5 million. Could be a life changing genius purchase. Possibly way too early. My only thoughts are that CATL chairman could be trying to make his mates rich. Or what they save on company purchase, they could put towards getting rid of overburden. But, why wouldn't they just go to African, unless they specifically need Aus-based product. I hope this tears upwards. Good luck to us holders. Been reading your posts and keen to hear any further thoughts.
 
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