Ann: Lepidico Update, page-29

If they are considering selling the mine, then whoever buys it will still need to concentrate the ore, because the Namidian government still require beneficiated ore to be sold, and the loan LPD considered to get operational was around $50million. Considering LPD market cap is around $17million wouldn't you get the mine or the 80% we own if you just took over the company?. I guess it depends on how much they are expecting to receive in a asset sell off.
I don't think anyone is going to pay much at all, in fact I would think the mine is virtually unsaleable at this time particularly because it is mica and not spodumene

Then if the mine is sold how is PI then feasible, we would need more money to build because we would need to buy all the ore from third parties, this I think would make out chemical production process less desirable to investors. What do we do then try and raise more finance and go drilling for gold
We have reached the point where there is not much to gain from further CR's its been done to death with the result of a massive number of SOI.

Joe is simply being overpaid for his managerial expertise of what is now beaten down to a 17million market cap company. If there really is a future for Lepidico technology its going to have to come from a different approach to what is currently being utilised by the company now, we just can't raise finance after years of trying.

it might mean the company will dissolve and refloat with a different badge and MD and a more innovative approach to gaining financial support
Either way I think the last announcement is subtly telling us that they are seriously considering pulling the pin.It wouldn't surprise me to see it followed by a certain resignation.