New Seeking Alpha article, page-14

Interesting - Comments from the other company suing Lusorecursos  . . company called Sinergeo who is 1/3rd of Luso . .  was apparently happy to honour the deal with NLI and also got shafted at the end.

Apparently someone else offered more money? By like . . 4ok
"We have nothing to do with this"


The financial difficulties, the entry or not of new investors and the opening and closing of companies, are, after all, recurrent episodes in the life of Lusorecursos. In addition to Ricardo Pinheiro and António Marques, this company was formed by Sinergeo, a company with three geologists as partners, and the first to register the company and, they say, first to draw attention to Sepeda's potential for future extraction of lithium oxide.

Currently Sinergeo is also suing António Marques and Ricardo Pinheiro, in order to challenge the General Assembly in which they decided "not to recognize the existence and validity of the contract entered into with Dakota Minerals / New Lithium." It was at a meeting held on August 25th, in which António Marques said that he had another investor, who would pay € 1,125 million (ie "only" 40,000 euros more than what was agreed with Novo Lithium).

To PÚBLICO, the founder of Sinergeo, Bruno Pereira, reaffirms that he immediately challenged the decision to exchange a signed contract, which was already executed, by a "possible contract". "We do not have strictly anything to do with these commands and desmandos". "What moves us are the natural resources, and we are concerned about the country's reputation," says the geologist, ensuring that he is completely unaware of who that investor may be.
Sinergeo also contests the fact that it has been emptied of assets and assets within Lusorecursos, and will accuse the manager, António Marques, of having been doing business.