LMG Development Pathway, page-152

Hi @harros111

First the options. What will it take?

I would like to know that answer but obviously I don't.


I will offer a few thoughts though.

Well we have ~5.5 weeks until they expire.

What actually is the trigger for people to exercise their options?

1. The full commissioning of the plant

2. The production of the first Mg

3. The completion of construction poised for the first Mg.

4. An announcement saying the final commissioning will be mid December.
Etc... It may be as simple as a well structured plan and communication regarding the plant commencing operating within a well defined time frame...

I understand the leverage value of Options and also being a quiet way to build a large holding. Many get concerned about the expiry date but there is plenty to potentially get Options converted, depending upon your perspective and threshold to achieve value. The expiry date for the options is not an expiry date for realising a gain.

In other words, as long as people exercise within their threshold for value and within time, it wouldn't matter if there was a three month delay in receiving the trigger after the expiry date.


As far as the potential for a recession in China, I was simply making discussion. Personally I think it's could be on the cards. The possibility for LMG is that another squeeze on Mg production caused by inflation. We shall see. It's only a thought.