The Ministry of Mining accepted application from CODELCO to extend CEOL, page-292

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Arcpro

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10/05/23

10:04

Post #: 67694301
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Originally posted by thecrabpest: ↑

No, I am not saying that, I am saying the company need to make an announcement that once again re-iterates their position and clears up any of the current speculation.

Why haven't they done it each time there is a new challenge in the courts?

The printed quote from the interview was:

"It is the commission that has to authorize the extracted lithium and for that there must be a system, procedures and today the two companies that are exploiting lithium are SQM and Albemarle. In order to extract this lithium, a permit from the Chilean Nuclear Energy Commission is needed to sell it."

For me the key parts need to be read in reverse.

In order to extract this lithium, a permit from the Chilean Nuclear Energy Commission is needed to sell it.

It is the commission that has to authorize the extracted lithium and for that there must be a system, procedures and today the two companies that are exploiting lithium are SQM and Albemarle.

This implies to me that this person - who was a former director of the Chilean Nuclear Energy Commission, does not believe LPI have this permit.

If LPI were fully permitted, why did he not mention them?

I am saying in lieu of this person not mentioning them, the company should come out to clarify this to the market.

Go on the record - again.

Look at what has happened to AVZ. They "had everything in place", but they have been in trading halt for over a year. I do appreciate that corruption is likely at the heart of that saga, but the company is saying one thing, and these government departments are saying another.

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You are clearly saying that the Company is potentially laying when they stated a few times and Announced via ASX, that we already have CCEN.
I think you should dig deeper into your research.

LPI Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
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The Ministry of Mining accepted application from CODELCO to extend CEOL, page-292

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