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Ann: LOI with BASF extended to 31 December 2020, page-243

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Trees

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31/12/19

11:13

Post #: 42174106
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Originally posted by ProCapitalism ↑

"A non-binding agreement is exactly that, non binding. If LPD's BOD sniff out any shadyness they can bail out of the agreement, at any given time without repercussions."

I know, but it doesn't take 20 months to work out if the venture is viable.

"It is possible that Desert Lions' coffers/stockpile was in excess to the point were it was economically cheaper to sell their already mined material than to keep the mine actively operational at a loss. "

My point exactly, it was cheaper for Desert Lion to ship already stockpiled ore & they couldn't even do that. They couldn't make money from Lithium ore just sitting there, baking in the sun. That's the team at Desert Lion in Namibia.

I'm not trying to swindle LPD holders out of anything, I don't want LPD shares!!

LPD shareholders have had their heads up in the clouds for the last 3 years since I've been on HC. It's about time they had a taste of reality.

Exhibit A

"Its going to have more/multiple CR"

"How do you know this? Are you precognitive? What if someone invests solid money (not via sharemarket) to continue lpd, like say the Australian Government? Or Tesla? (via the Aus gov.)"

LPD might not need a CR in your first post. LPD will be out of money by April 2020. The LOI has been extended to December 2020. If the LOI isn't agreed to by April next year how do you expect LPD to make it to December without any money?? You think the likes of Tesla will buy up LPD?? The Australian Government?? Really? The fact that post got so many likes is a testament to how oblivious shareholders are.

Tesla needs a reliable, tried & tested method of producing battery chemicals, they aren't going to risk their US$78 billion market cap on the off chance LPD will be able to build a P1 plant in Africa.

"It will never reach $1"

Again, you are not precognative. Life doesn't follow your cute little plan. Stock prices don't stem from just reports and numbers. The human element is, and always will be part of the uncalculative equation.

From your last post, A $1 SP values LPD at $5 billion, some of the biggest Lithium refiners on the planet aren't valued at $5 billion & they've been in operation for decades.

"Someone commented about lithium companys going out of business? Whats stopping LPD in the from recycling or down-right retrofitting those bankrupted lithium plants into working P1 plants? And if they are near a good source of lithium, even more of a bonus."

The "top brass" on the LPD forum have commented over the years & made it a source of pride that LPD management have never swayed from their objectives to produce battery chemicals. Now you want LPD to go into recycling instead?

Sounds to me some investors are getting nervous & aren't sure LPD can pull this off??

Expand

Off topic

are you really saying this:

"LPD shareholders have had their heads up in the clouds for the last 3 years since I've been on HC. It's about time they had a taste of reality."

or is this said with ya tongue in cheek?

sounds very much like a Philosophy & Religion post

Last edited by Trees: 31/12/19

LPD Price at posting: 1.5¢ Sentiment: None Disclosure: Not Held
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