Hello again, everyone. Where to start? A brief recap of the past few months is that I am as bullish-as-ever on Lepidico, as we ride out the bearish-as-ever lithium market. Happily, SMM prices atm are rising simultaneously with media mentions of demand, which surely can't be hurting our Jefferies process.
As I'm sure most holders do, I continue coupling extensive macro research with multiple readings of LPD's ASX announcements, supplemented with an occasional phone call or correspondence with our management. Whilst not posting on HC, I do chat regularly with a handful of other shareholders who share my conviction in our management's integrity, our tech's excellence and our company's prospects.
Yes, times are dire, as share prices and market caps of lithium's entire supply chain remain mostly flat at 2024 lows, as both miners and processors lay off staff and put operations into C&M, whilst mergers and acquisitions keep everyone on their toes. Thankfully, a glimmer of light seems to be appearing at what is hopefully the end of the 2 year long tunnel the sector has endured globally.
I have to step out now, but when I'm back this evening, I'll glance through my recent messages to others, to see what I can perhaps copy and paste, in the name of efficiency. Obviously, a several month overview of our impressive Sustainability Report, our strong share register (after my visit to Automic's Sydney office), etc could become a novella, so I'll do my best to keep it to a couple of highlights. Till later, good luck to us all.
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PARADIGM BIOPHARMACEUTICALS LIMITED..
Paul Rennie, MD & Founder
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