After offloading the WA asset for $30Mil, the company has minimized any activities, such as hiring, to avoid burning cash, unlike LKE.
The sole purpose of the management team is to find the highest bidder to sell this fully permitted/high-quality project.
With the current SP sitting at $0.23, It could be LTR 2.0, which SP dropped to around $1 before the ALB takeover offer. Hence LPI is worth a punt.
The question is what sort of offer we will receive. $0.50? $0.75? $1? $1.5?$2?
I couldn't wait for the takeover accountant to drop.
All the best to all the fellow patience share holders .
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