I guess there is a tone change regarding off-take or finance from the latest announcement compared to the past - long suffering shareholders have unfortunately not seen the fruit yet:
Quarter
Comments on offtake / finance
1 29 January
Financing activities for off-take agreements and equity and debt funding are to be sped-up via our financial adviser, Treadstone Resource Partners
2 30 October
Financial structuring for the Maricunga project continues, with Treadstone Resource Partners being appointed as LPI’s and MSB’s advisor. Discussions continue with parties on project funding – equity and debt – and also on off take agreements. COVID-19, however, has presented challenges for the initial time schedule.
3 30 June
Financial structuring for the Maricunga project continues, with Treadstone Resource Partners being appointed as LPI and MSB’s advisor. Discussions continue with parties on project funding – equity and debt – and off-take agreements
4 22 April 2020
Discussions and communications with a number of well-established companies regarding product off-take agreements and project finance continue despite the emergence of COVID-19. Australian-based Treadstone Resource Partners has been appointed to work alongside the LPI and MSB teams.
5 31 January 2020
The Company is advancing in discussions with a number of well-established companies and
different financial institutions regarding future product off-take and project finance for the
construction of the project.
6 31 October 2019
The Company continues to hold discussions with a number of well-established companies regarding future product off-take agreements and project finance for the construction of the project.
7 30 July 2019
The Company is in discussions with a number of international companies for the financing of the
project. Approaches have been received from international companies for possible off-take deals
and equity participation.
8 30 April 2019
The Company is in discussions for off-take agreements and project finance with international
institutions.
9 31 January 2019
Discussions with major Chilean and international financial institutions to secure project development
finance have commenced and are expected to be finalized during 2019. Approaches from international companies have also been received regarding off-take agreements and future participation.
10 29 October 2018
LPI and MSB have received approaches from third-parties during recent months offering project finance, acquisition
of equity in the company and/or off-take relationships. It has been the JV’s agreed strategy not to progress with
potential off-take partnerships or project financing until the completion of the DFS scheduled for the end of 2018.
The advancement of any long-term, strategic relationships is a key 2019 objective.
11 30 July 2018
Nothing
12 24 April 2018
The Company advises that the non-binding Memorandum of Understanding with Fulin Group that was disclosed to ASX in November 2017 has recently expired. The Company remains in discussions with Fulin Group and regularly receives unsolicited inquiries from other potential offtake, project funding and/or construction funding partners as part of its normal business operations. However, the Company does not have the present need, or intention, to enter into arrangements with funding and/ or offtake partners, as previously disclosed to the ASX. The joint venture is fully funded through to the final investment decision at Maricunga.
13 25 January 2018
A non-binding MOU with Chinese motor vehicle manufacturer Sichuan Fulin Industrial Group Co Ltd (Fulin) has been executed for potential project equity participation and off-take agreement. A technical and legal due diligence process has been conducted by Fulin which was completed in January 2018. Further discussions are to be held in February 2018.