LPD 0.00% 0.4¢ lepidico ltd

Ann: Shareholder Update and Australian L-Max Patent Granted, page-26

  1. 2,237 Posts.
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    Great update and important to let shareholders know that they are doing what it takes to keep things moving and ride out the period.

    Good to see discussion of lenders and development agencies as a funding source. I believe the company has managed to demonstrate they are a chemicals business, not a mining one, and that has opened doors. Debt funding reduces the amount shareholders need to contribute to get P1 built, which is a positive.

    I look forward to hearing more about that.

    Qualification is all very hush hush, but nice to know that it is still proceeding. Unknown timelines, but hopefully deals can be reached not long after FS results.

    And good to see FS shouldn't be impacted. I wish it was going to be delivered in better times, but it is what it is.

    Cheers
 
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