I can understand why long term holders like mick are frustrated at management but take a step back for a minute. The chairmans address is full of good information that is left to be interpreted as such.
Delay in CEOL application due working directly with government to find mutually beneficial terms. New Chilean lithium framework perhaps? JV with codelco and even possibly SQM? Lpi has never been one to spruik but to me it looks like there is now almost 100% chance that both our old and new code tenements will make it to production.
Now take another look at our project metrics, market cap and overall trend of lithium demand. Will we be at this price closer to production? No. When will lpi finally get its rerate? Who knows. The market has been telling me I'm wrong with lpi for a long time now but personally I'm pretty sure we will be alright
LPI Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
