LPD 0.00% 0.3¢ lepidico ltd

Ann: Corporate Presentation May 2019, page-21

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  1. 2,030 Posts.
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    Risks involved in setting up anywhere are inherent. We have risk here in Australia. We ran the risks of gold tax. Adani is jumping through hoops. We have just seen the EPA criteria beefed up only to face reality the next day and the EPA was told to pull its head in. UAE is a signatory to MIGA. I am totally certain that our board will have political risk insurance in place. And I am certain that Abu Dhabi will not do anything detrimental to the project. If anything does happens then we get the insurance payout. Australia also has a bilateral economic treaty with the UAE. If anything happens then we have recourse via our Government. We probably have less risk in Abu Dhabi.
 
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