so in other words (NOTHING IS HAPPANING)just saying

First 1000 Last

Share
Profile

Follow
mervco54

660 Posts.

52

19/06/24

08:16

Post #: 74380916
Share

Originally posted by Apuesta: ↑

I wrote an E-Mail to Joe and ask him for an Update....this is what he wrote back to me:

Hi Marco,

Thank you for your email.

As per public statements third party due diligence continues under the Jefferies strategic partner process and we also have ongoing constructive engagement for partnering/finance with the public sector. All associated discussions and negotiations are bound by confidentiality. Yes, I understand how the lack of visibility on these processes is frustrating but it is the same for all businesses at this stage of project development.

What we can say, is that the strategic partner process with Jefferies is being broadened to again consider Chinese offtake and partial funding for the development of the Karibib part of the project to initially produce just a concentrate – see recent quarterly reports. US policy has become clearer since the beginning of the year for this and it is evident that DFC funding can still be secured with offtake going to China, as the US recognises that some supply chains such as lithium will continue to rely on China for many years to come. We just need to be cognisant of the US position on Foreign Entity Of Concern (FEOC).

As outlined in the prospectus, with further cost cutting measures that have been implemented Lepidico is forecast to have cash into CY2025. We also have the ability to place the shortfall under the prospectus until early August. The market is currently under pressure till month end due to tax loss selling, which should then abate. Placing the shortfall would provide cash through most of CY2025.

We will update the market as and when finance milestones are reached.

Your support as a shareholder is greatly appreciated and I can assure you that management is committed to the Phase 1 Project becoming a reality.

Kind regards,

Joe

Joe Walsh

Managing Director

Lepidico Ltd

Expand

so in other words
(NOTHING IS HAPPANING)
just saying

LPD Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ASX Market Open: Futures down almost 0.25% on negative data from China

WA1

Hotly watched WA1 Resources posts 200Mt niobium resource; largest discovery in over 70 years

I88

Infini hits "stunning" uranium assays with grades over 1% from soil at Portland Creek

There are more pages in this discussion • 9 more messages in this thread...

First 1000 Last

Add LPD (ASX) to my watchlist

(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $25.76M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
4	419999	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	420000	2

View Market Depth

No.	Vol.	Price($)
4	419999	0.003
161	193025101	0.002
37	174161092	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	420000	2
0.003	91172679	49
0.004	41913898	52
0.005	12239316	16
0.006	8168260	12

Last trade - 09.34am 01/07/2024 (20 minute delay)

LPD (ASX) Chart

Day chart unavailable

so in other words (NOTHING IS HAPPANING)just saying

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ASX Market Open: Futures down almost 0.25% on negative data from China

Hotly watched WA1 Resources posts 200Mt niobium resource; largest discovery in over 70 years

Infini hits "stunning" uranium assays with grades over 1% from soil at Portland Creek

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

so in other words (NOTHING IS HAPPANING)just saying

Top Stories

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ASX Market Open: Futures down almost 0.25% on negative data from China

Hotly watched WA1 Resources posts 200Mt niobium resource; largest discovery in over 70 years

Infini hits "stunning" uranium assays with grades over 1% from soil at Portland Creek

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News