LPM lithium plus minerals ltd.

So LPM own Moonlight which came under the Arunta project. Then...

  1. 3,198 Posts.
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    So LPM own Moonlight which came under the Arunta project. Then using LPM funds, Moonlight Resources (Moonlight) is set up - was it divested from LPM? No.
    LPM receive 17,233,700 shares in Moonlight Resources 50% gaining uranium and REE tenements but giving away 50% of Moonlight lithium project
    Using LPM funds, Moonlight pay sellers $100k
    Sellers receive 17,233,800 shares in Moonlight Resources 50% which includes Moonlight lithium project (why 100 more shares?) and 500,000 LPM shares
    Why a total new entity? Costly and will be a further drain on funds or just another gig for the directors to draw fees?
    Have GS or DE done any drilling, shoring up any resource?
    GS Metals Pty Ltd (GS Metals) was established to acquire prospective uranium tenure in the NT and secured the MacDonnell Ranges Project tenements.
    Was this by LPM or related parties ie Did LPM directors or shareholders hold any interest in GS Metals?
    Double Eagle Resources Pty Ltd (Double Eagle Resources) was founded for the purpose of acquiring prospective REE tenure in NSW and secured the Fox Hill clay REE project.
    Was this by LPM or related parties ie Did LPM directors or shareholders hold any interest in Double Eagle?

    Is this whole thing dodgy?

 
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