Ann: Settlement of Legal Proceedings and Application for a Ceol, page-120

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justdoit7

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13/07/18

17:10

Post #: 34334310
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Originally posted by TheGekko ↑

I have been in the resources industry investment game for a long, long time and have learned a great deal from my experiences, PARTICULARLY my mistakes, and there have been many of those. For example, I have been caught up big time in hyped stocks and haven't pulled the ripcord in time. I have mistakenly invested heavily on conversations with CEOs and Chairmen, and been forever hopeful that an undervalued tier 2/tier 3 mineral resource would attract capital investment in a supply-compromised market. I have mistimed my entry and exit to a commodities cycle. Those are just a few examples where I have f...ed up and learned the hard way.

I started investing in resources industry stocks in my teens and was involved with the industry for decades. I have seen a great deal over the years and know that a KEY investment criterion is the quality of a mining project's resource. Obviously there are a load of other very important variables including:
1. The quality of the company Board and management.
2. The condition of the global economy and its outlook.
3. The forecast supply and demand fundamentals for the commodity(s) the project will exploit.
4. The potential threat from substitutes to demand for that commodity(s).
5. The location of the project and associated sovereign risk, environmental risk etc.
6. The project's finance risk.
7. Project metrics including CAPEX ,OPEX and particularly the project's anticipated position on the global cost curve.
8. The project's potential for expansion and economies of scale - driven by market demand and resource factors.

The biggest worry for me with the Maricunga project has been No.5 and the potential influence of Codelco on the Chilean Government. My concerns were validated by the previous government's behaviour in its last week of power, but my faith has been restored by recent actions of the current regime.

Considering the current and forecast global macroeconomic environment, and the gathering momentum of the EV and other battery revolution, being invested in LPI is a great place to be. It ticks all the boxes, and at current prices presents a great buying opportunity IF one is willing to be patient. I firmly believe LPI has the potential to be the best, long-term resources industry investment I will make in my life time.

Promotion can only go so far, strong project fundamentals are far more important and is what sustains a project. I have a rather intensive work contract commencing Monday and consequently will be largely absent from HC in coming months. In the meantime, good luck to all LPI holders. Stay patient and you will ultimately be rewarded.

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... it's friday!! Your comments & analysis are always appreciated and don't underestimate ur experience & knowledge.
Its just that some investors feel that over a 2 year period the sp has performed below expectations compared to peers, sometimes referred to as pump & dump stocks... over 2 yrs negative 35% Vs positive 800% (pump & dump)
Recent developments and planned progress is likely to change that trend and shareholders are hoping for a brilliant outcome over the next 12 months!!

LPI Price at posting: 29.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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Ann: Settlement of Legal Proceedings and Application for a Ceol, page-120

Top Stories

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

Lendlease sells off US east coast construction operations in latest global divestment push

Helix investor makes partial takeover bid, proposing board changes

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

The Calmer Co’s Anthony Noble reflects on record breaking FY24

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

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