They have spent nearly $600k on the fast tracked Pune JV. Increased demand in the US so LWP spends on a plant in India. The much anticipated offtake agreement that was all but guaranteed by the end of last year is now pushed back indefinitely like the FRB listing.
Do they keep spending on the JV now having spent so much knowing they need several million more dollars or do they hope a few more speccies pay off and just keep meandering along?
LWP Price at posting:
0.2¢ Sentiment: Sell Disclosure: Not Held
