Ann: Bidder's Statement, page-5

I would advise you to hold both your LPD and LIT shares. The only reason LPD's SP is so low is because of this LIT shadow hanging over it. This TO move is just an attempt to steal everything what makes LPD great, there is no such thing as a happy merger. Just look at the Bidder's statement section 7.5, they will completely replace LPD's board:

Composition of the board Lithium Australia intends, subject to the Corporations Act and the constitution of Lepidico, to seek to replace some or all of the members of the board of directors of Lepidico. The majority would be replaced with the current directors of Lithium Australia.

We really don't need this, LPD is fine on its own. In a year or 2 a $30 million revenue plant will come online with a clean lithium extracting tech and that is just the beginning. Have you read the PFS? This is a really great management board and I trust them a thousand times more than LIT's board. Please hold your LPD shares.