I said what I am about to say in an earlier post but I think it...

I said what I am about to say in an earlier post but I think it got lost in the noise.

I would back Gary Johnston and his team any day, he and his team at Strategic Metallurgy are the ones who developed L-Max, the recent PFS results show us steady but sure progress, and absolutely fantastic C1 costs of $0 after credits I might add.

Also, as Gary and Strategic Metallurgy hold among them 750m shares as a result of the Platypus acquisition of the original Lepidico (see PLP/LPD announcement dated 16 March, 2016), which is ~42% of LPD’s shares outstanding, and as Gary holds ~17% himself, I don’t see how LIT can complete the t/o successfully unless Gary/Strategic Metallurgy sell into the offer.

Personally I can’t see the merits of the transaction, but what it does tell me is that L-Max is attractive enough to make LIT want it, or is that ‘need it’.

Declaring the bid unconditional doesn't mean much if +30% of the register isn't interested!