LPD 0.00% 0.2¢ lepidico ltd

Ann: Trading Halt, page-66

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  1. 763 Posts.
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    Wish it was so deceptively easy Sun Wukong.


    When I read the announcement it gave me a strange feeling in the pit of my stomach.


    As Sharpy and others closely following the Plat, it seems to be a bit early in the time-table for a CR. However, if its for a second P1 in another location, say Japan or Portugal, it could be a flyer.


    Although, it may have been more rewarding for LPD, in this case, to have made the announcement first, then later announce the CR when the shares are re-rated at a higher price thereby reducing the number of shares to be issued to raise the amount of capital required.


    Whatever the outcome we all feel that production Li2o and Li-hydroxide plus byproducts is not much more than 12mths away.

 
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