LPI 0.00% 56.5¢ lithium power international limited

Too low, but then again, this is South America. The question is...

  1. 314 Posts.
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    Too low, but then again, this is South America. The question is whether the mgt team get a plum deal in carrying the project forward under Chilean control. We can still hold out hope that the independant expert asserts it's too low ball an offer and the mgt have an out to up the price one last time before agreeing. I smell intrigue and subterfuge on this one. Was hoping for $1/share or some payout plus equity in a new entity. My prediction: Chile will get LPI, then all of a sudden SQM turn up in a joint venture with CODELCO to develop the resource, with Chile having some extortion over SQM on their other assets to get LPI's project up.
 
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Currently unlisted public company.

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