Could be possible.
GXY never committed.
It seems to me BASF have dithered for the last 18 months. (Which just doesn't make sense because according to posters Lmax is the second coming of Christ). The LOI with LPD expires in December 2020. What happens if it's extended again?
IMO if BASF falls through & no funding is achieved LPD might be living off royalties, given the rush to secure their IP for Lmax around the world. But that's only when other lithium companies feel comfortable pumping hundreds of millions into the Lmax process.
How long will that take? Will shareholders feel comfortable funding this if all LPD can make are royalties?
Where does that leave shareholders??
Ann: LOH-Max process technology acquisition & improvements, page-13
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