LPI has been hammered recently by Regal selling out. But it looks like they are finished now and the buyers are stepping in as the sell down was over done. LPI has 51% of the most advanced lithium developments in South America. The grade and size of the resource is world class and its only a matter of time before it will receive funding and go into production. LPI management has definately underperformed their peers and hence the angst amost longterm share holders. Those getting in at these levels should do very well in the coming months as the MOU with Mitsu moves to a binding agreement and they place one of their own on the board to bring about a lazer focus towards on construction and moving LPI as a Lithium producer. In summary LPI should have a much better 2nd hafl of the year and 2022 will move into producer status and share price will be refective of this.
LPI Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held