... if a shareholder has to design the strategy then what the hell is the board & mgmt doing? raking in 200k a Qtr or something? Board & mgmt need to REALISE, quality of the resource is NOT the problem anymore, we get that the resource is GREAT. Other external factors are the PROBLEM!! even a 2 year old kid can figure that out...
1. First and foremost while progressing the project try an offtake agreement ASAP... chase it like no tomorrow!! if the resource is good why aren't buyers interested?? we don't have an offtake because of judicial stalemate. You have been supporting Martin in giving this story that LPI should sign after considerable progress is made in order to get sky high value - This is Complete BS... KDR signed SQM when it had a MC of 140 mil, they haven't done too badly....
2. start negotiating with Codelco asap, the board and new ceo has to Chram them, attract them, sleep with them... whatever it takes do it!! (And where is the Urgency to get a ceo? for God sake even Commbank a 100 bil company has revamped their entire senior mgmt in 45 days!! how long does it take LPI board, this is BS? Start communicating - they can say we DON'T need a ceo right now...that's fine, they need to start building trust with markets and shareholders.. right now they are like a secret organization)
3. go beg! beg! beg! in front of the mining minister request him for relief, Work in some form has been going on in Maricunga for 9 years get some certainty around it, if Mr Borda is so influential then bloody well use him NOW, pester him everyday! to influence the minister. Tell Mr Borda... it's now or never!! besides that ask Mr Borda to influence the mining minister to help start negotiations with Codelco ASAP... get it going on war footing, no more BS!! All this while progressing the project...
Now to AVZ and AGY... I am shocked that some shareholders are not surprised, agitated and angry that even after their sp has dropped so much they are valued more than LPI - their MC is higher by 220% and 320% respectively... is that because LPI is a true blue developer and will win in the end so it's fantastic to suffer now! lets just feel great about our outstanding progress and resource quality...
LPI Price at posting:
27.5¢ Sentiment: Hold Disclosure: Held
