If you've any questions Fire to Martin he's super responsive. My question was aimed at cash and how they will handle future cap raise more successful than previous. Martin's response:
"We are now on the radar of many different investor and corporate types. There was significant risk associated with the last capital raise.
Eg: spending US$5.22M on a number of tenements that have never been explored before – carried significant risk. The project is now significantly de-risked as we have hit high grade thick lithium intersection across the entire portfolio.
We have also announced the divestment of our Argentine asset. We are in a strong cash position.
See below note from Blue Ocean today. I hope this helps."
The Blue ocean note was a summary of everything in today's ann
- Forums
- ASX - By Stock
- LPI
- Ann: DEEP DRILLING CONFIRMS NEW HIGH GRADE LITHIUM DISCOVERY
Ann: DEEP DRILLING CONFIRMS NEW HIGH GRADE LITHIUM DISCOVERY, page-45
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