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General Discussion, page-1010

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jayse888

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02/07/24

11:02

Post #: 74562961
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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

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An update for the new financial year would be nice. Still can't believe jw used the excuse of tax loss selling! he should become a market analyst instead!

LPD Price at posting: 0.2¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $17.17M

Open	High	Low	Value	Volume
0.2¢	0.3¢	0.2¢	$806	402.8K

Buyers (Bids)

No.	Vol.	Price($)
161	160901130	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	104779532	52

View Market Depth

No.	Vol.	Price($)
156	155551130	0.002
47	181739247	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	65046411	47
0.004	34250390	38
0.005	11136545	11
0.006	9296154	15
0.007	4963896	6

Last trade - 13.15pm 19/07/2024 (20 minute delay)

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