LPD 25.0% 0.3¢ lepidico ltd

Ann: Renounceable Entitlements Offer to Fund Arrangement of Phase, page-95

  1. 3,001 Posts.
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    rather interestingly i got issued the rights, so sell at 0.004 if you can, take a tax loss and rebuy at 0.003

    LPD a big disappointment but i rather support the asset than take the loss. The asset and the IP is strong, as Lithium prices go back to record highs, lepodite becomes a much more attractive opportunity.

    TRAXX support is a validation of the product

    Finanancing is the issue and they took the best path forward, unfortuneatly turned out hard than the easy path (share issue), we should still be thankfull that management took debt financing over equity financing as debt financing is less dillution for us
 
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