Australia's largest stock trading and investment forum Australia's #1 stock forum

LPI

Click for more information

0.00%

56.5¢ lithium power international limited

Ann: Trading Halt, page-5

First 5 Last

Share
Profile

Follow
supergwailoh

723 Posts.

297

20/11/17

09:48

Post #: 28940426
Share

Originally posted by 13th ↑

Poor form from management, with the impending LPIO option expiry and the company potentially about to receive 37,526,323 options x $0.55 = $20.64mil in cash, why undertake a further capital raising?

Would it not be prudent to wait until the end of this week to see how many of the LPIO's are converted?

Why would you not just have Sprott or Cannacord underwrite the LPIO's to ensure that the full $20mil is received. Would of been a low risk play for the company and the underwriter with their analyst being so bullish on the project with a $1bil+ EV.

Chinese cornerstone or funding to take our Bearing will be the only positive reasons for this IMO

Expand

I'm sure you know better than the LPI management. NOT

LPI Price at posting: 65.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 253 more messages in this thread...

First 5 Last

Add LPI (ASX) to my watchlist

SPONSORED BY