Ann: Replacement Announcement - Helikon 4 Ore Reserve, page-8

Have been thinking a little re the finance situation and have a possible theory re why this is dragging out for so long.

It could well be that the main issue is actually the chemical plant in the UAE. The DFC seems to be on the cards first from what is read, but the more i think about it i doubt that they would approve any sort of finance unless there is something locked down re the chemical plant first. This would ensure that there is security and that LPD can pay back the loan in due course. They would not lend the money otherwise.

No plant =no income.

Any price sensitive news also must be released immediately by a company. The DFC news has not been released and i suspect that despite being relatively easy to secure (up to 50 million without board approval), they are waiting until the chemical plant funding plan is in concrete.

The chemical plant of course is of much larger scale lending wise and may mean this could be go on for much longer until a suitable lender is found.

Of course JW is not going to disclose this publicly, but it is quite possible LPD could be waiting on the sidelines without finance going into 2024.

I guess as long as it is secured on good terms and it happens then the timeline is not such a big deal for LTH, but many hoping for something in the coming weeks/months.

DFC is at due diligence stage and the groundwork has been done, but the longer this drags out it may well be that the DFC requires everything sealed and delivered or its a no go.

Could also have it totally wrong and something is coming very soon

Just speculating...if mentioned already then apologies.

GLTAH