What a quagmire!!Not to mention this.LEPIDICO LTD (ASX:LPD) -...

What a quagmire!!



Not to mention this.

LEPIDICO LTD (ASX:LPD) - DOCA, LiQUIDATION or CONTROL RETURNED TO BOD, 77154640, page-92 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

So, LPD could have had AUD$60m from the Chinese but knocked it back. So effectively LPD spat in the face of the Chinses twice, once when LPD secured Desert Lion & the second time when LPD knocked back money from the Chinese. No wonder the Chinese filed for an arbitration, the Chinese always have to "save face"!!!

I did warn about that aspect of their culture, 5 years ago!

LEPIDICO LTD (ASX:LPD) - News affecting LPD assets?, 49378862, page-111 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Below is from the VA team.



From July 2022 the group received $33m in funding & almost $14m went to salaries & admin. Almost 50% of the money!! All in the space of 2 years. What a cash cow!! Imagine how much was raised from 2016 onwards.



No one wants the chemical plant site in Abu Dhabi. Wow! What a shocker!! No one would have seen that coming.



You mean to tell me that no one wants anything to do with this? Who would have thought!

Human rights in the United Arab Emirates - Wikipedia

Modern-Day Slavery in the United Arab Emirates

Modern slavery in United Arab Emirates | Walk Free

The Directors knew in August 2024 that things weren't going well & sought legal advice!!





Wow, just wow!