I just had a quick read through of some of the financial ann lpd's had. And to me it looks like theyve been killing it. Goal after goal smashed through.
This caught my eye the most
"Lepidico Ltd (ASX:LPD) (“Lepidico” or “Company”) is pleased to announce that the non-binding
Letter of Intent with BASF SE (“BASF”), whereby BASF would be able to purchase lithium hydroxide
sourced from the Karibib Lithium Project in Namibia has been formally novated to Lepidico for its
integrated Phase 1 Lithium Chemical Project and extended to 31 December 2020."
Heres some details on our friend
"BASF SE is a Germany-based European chemical company and the largest chemical producer in the world. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas and Africa."
So we have P1 plant built but still currently fixing kinks
Acquired Desert Lion as a raw material supplier,
and a highly patient (and successful) buyer waiting for LPD to start churning out product
I don't see any down on this.
Or do I have my info wrong?
Please tell me, I like being wrong.
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- Ann: LOI with BASF extended to 31 December 2020
I just had a quick read through of some of the financial ann...
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