Great outcome here. WA assets would have been acquired for ~$1m, sell them for 20x profit. WA was always early exploration, with extremely low odds of success, as with any early exploration company. Yes, we lose free shares, but the dilution that would have occurred during IPO and subsequent exploration drilling would just about have nullified those shares - this was always my opinion.
I have always maintained, LPI is Maricunga - PERIOD. This sale gives more options r.e. financing for Maricunga. Martin agrees with this
LPI Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
