LPD 20.0% 0.2¢ lepidico ltd

Delay in the mineral resource estimate delayed the FS to May....

  1. 2,237 Posts.
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    Delay in the mineral resource estimate delayed the FS to May. Company has enough money to last until then, next quarterly will give an indication of when they will need to raise again.

    FS remains the major item we're waiting for.

    Caesium and rubidium qualification and offtake negotiations ongoing, lithium hydroxide qualification just starting. There have been some site visits by potential investors and banks, unknown what stage those are at. I doubt any of these items will be finalised before the FS, but we could have news about any of them between now and then.

    Not paying close attention to the posts here is a good strategy, as the quality is few and far between while we wait for news.

    Cheers
 
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