Just had an extensive phone discussion with David.
David is so generous with his time and his confidence and excitement is well exhibited through his words and tone.
The next progress report will be delivered on Monday. The report will be thorough and LMG remains fully committed to delivering a monthly report.
The share price will not go below 4 cents in his opinion as the continual delivery of a monthly report will sustain confidence.
A high proportion of options will be converted. Major share holders in the top 20, hold options and are committed to converting them.
The lowest volume in the top 20 shareholders is circa 9 million shares. I have a target now
The demonstration plant remains on schedule. Operation of the plant is to be achieved by early in the first quarter of 2024.
We talked about the 10,000tpa plant, some of the financial inputs, Malaysia, other Magnesium manufacturing and the position of LMG within the sector. There will be updates concerning the other aspects we discussed within the report on Monday.
Happy camper here and encouraged going forward.
Regards Ken
