LPD 0.00% 0.2¢ lepidico ltd

Ann: Renounceable Entitlements Offer to Fund Phase 1 Development, page-55

  1. 3,014 Posts.
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    600k raised at 0.026 - above last trading

    SH participation at 0.018 - thats a good price

    At the end of this we have funding to get through to a funding package

    Options prices in the money is a vote of confidence

    Had a offer for substantial equity, clearly they didnt want to dillute to externals

    Is it really that bad? Apart from disappointment in LPD against Lithium Shares, LPD is opening up a whole new market in the EV space. It was always going to be discounted against pure lithium plays.

    Ofcourse i'd like to see this much higher before a CR, but equally if you believe in the product and the vision, we are getting rights at very low prices. Thats a reward for LT's- ST's shouldnt be in penny stocks like this
 
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0.3¢ 0.3¢ 0.2¢ $47.02K 18.68M

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