I would back Gary Johnston and his team any day, he and his team at Strategic Metallurgy are the ones who developed L-Max, the recent PFS results show us steady but sure progress, and absolutely fantastic C1 costs of $0 after credits I might add.
Also, as Gary and Strategic Metallurgy hold among them 750m shares as a result of the Platypus acquisition of the original Lepidico (see PLP/LPD announcement dated 16 March, 2016), which is ~42% of LPD’s shares outstanding, and as Gary holds ~17% himself, I don’t see how LIT can complete the t/o successfully unless Gary/Strategic Metallurgy sell into the offer.
Personally I can’t see the merits of the transaction, but what it does tell me is that L-Max is attractive enough to make LIT want it, or is that ‘need it’.
The question is then, where are the L-max opportunities out there, by this I mean the hidden lithium in mica gems which can leverage off of the L-Max and other mica processing technologies, - there’s not many and those out there will be worth a fortune if $0/t LCE is real.
Who knows who these companies are, I can think of EMH.
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I would back Gary Johnston and his team any day, he and his team...
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Last
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Change
0.000(0.00%) |
Mkt cap ! $17.17M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $3.337K | 1.668M |
Buyers (Bids)
No. | Vol. | Price($) |
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67 | 154669483 | 0.1¢ |
Sellers (Offers)
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0.2¢ | 13752491 | 13 |
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66 | 149669483 | 0.001 |
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Price($) | Vol. | No. |
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0.002 | 13752491 | 13 |
0.003 | 57846264 | 61 |
0.004 | 34845985 | 37 |
0.005 | 6546545 | 9 |
0.006 | 6721726 | 12 |
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