What isnt, is the fact that EMH unequivocally rejected AG and his unreasonable JV deal, but then sought LPD and Lmax directly to acquire a license option.
Only since have EMH chosen a different path, much to the detriment of their project economics and share price. This choice, on another unproven process (sodium sulphate roast), was probably made due to the uncertainty that LIT bring by trying to acquire LPD. The words "LIT process" and "wouldnt touch it with 10ft barge pole" probably occurred in the same sentence but it would not be prudent of a company MD to say that, would it?
Bridges not burnt, just dissolved in HF in my opinion.
LIT Price at posting:
10.3¢ Sentiment: None Disclosure: Not Held
