Ann: Update on Centenario Lithium Project Sale, page-8

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LT_Investor

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18/06/18

14:52

Post #: 33774704
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Originally posted by 13th ↑

Why management entertained this company to begin with, is beyond me. Would be interesting to know who the directors are behind the shelf company that was looking to acquire the asset, that now have a 30% interest at the project level after failing to complete their purchase obligations.

On another note, the company is now talking about spinning off all other assets non Chilean related. I think this is a good thing for shareholders, as the market is more likely to ascribe a level of value for these assets beyond the current market cap of $63mil for all assets. It probably would of been of greater value for current shareholders to see the company spend some $ progressing these assets in the meantime, rather than put all their eggs in the Maricunga basket for the last 12 - 18 months.

I wonder if Marty will pop up as the new CEO for the domestic + Argentinian assets...

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I like your thinking. Not suprise if Marty is in charge of the spin out.
In regards to asset in Argentina, at least we received more than 1m.
I believe this is probably heavily discount. The ceo of the company who buy the argentina asset is from Marty circle.
Everyome can search his profile on google and LinkedIn to find out.
There are plenty of news flow in the next 3 months. Lpi marketcap is indeed so behind compared to its peer. I have been waiting far long enough in this company but luckily average it down alot compared to many long term holders.

LPI Price at posting: 29.5¢ Sentiment: Buy Disclosure: Held
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Ann: Update on Centenario Lithium Project Sale, page-8

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