I’m thinking they sold those PLS shares in preparation to cash up and buyout Luso. Otherwise management are exposed to litigation at a personal level for incompetence and mismanagement. Throwing good money at the project after the date when Luso went cold and stopped communicating is a lose your job type of error.
I’m confident the massive turnover in Germany on Friday is a great big smoke signal that we’re about to breakout northwards in a serious way. With an EV that’s almost negligible based on the Sepeda project adding next to no value. A court win puts NLI well advanced towards production with a proven resource of ultra high quality Li. High quality LCE sells for a huge premium. Recent sale in China hit $28k!!
$100M MC should be almost immediate on a win in the courts or Luso buyout. IMO.
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