Ann: Lithium Australia and Lepidico settle litigation, page-113

I dont think selling is the best option, it may do both companies a disservice. BUT, there are two key things that stand out in my mind:
1. The lack of disclosure (from a company that announces the door closing) when patent protection is in place. If this is the silver bullet, there is no need to hide the facts. By not disclosing the details or costs, it makes me think there IS something to hide.
2. LIT have had Lmax license/option for over two years and done nothing to get into production. As @Beton2 says- there is no documented intention of using Lmax post TO. So whats the point?

I dont think LIT have any intention to progress into commercial production despite representing the contrary.