A very well explained post @sqe, and fully agree the "not...

A very well explained post @sqe, and fully agree the "not meeting the time-lines" of the project is one of the most disappointing factors. When it was first disclosed that they (LPD) would be in production during 2019 it was an encouraging event to look forward to, overtime this is now revised to mid 2023 from DFS - and goodness knows what the quantity of shares on issue (SOI) will be in that year - all adds to shareholder's concern.

It's now a matter of HOPE that the project can be made to work at the PP1 stage and support the hefty SOI and have a healthy premium above net tangible & intangibles assets. Some of the unknowns are: what will the price of LiOH & LCE be by that year, how quickly will it take for the over supply of the commodity to be drawn down, and legacy industries' lobbyists resisting the future be ignored by those in government, vested interests with their wealth and power making the change to the new technology more difficult? Also throwing Covid into the mix which is likely to be a reoccurring disease until a vaccine is discovered - medical science is an expensive and long drawn out process to get new drugs out to the general population. This situation makes consumers more cautious with their spending habits thereby making economic recovery generally more likely to be long and drawn out. All very discouraging.

Most LT investors now, like myself, are locked-in (involuntary & voluntary). We can see where the company is headed, the strategy - although has changed over the course, usually due to changing circumstances or improved/better knowledge of products produced, as you have noted - the company has set to achieve production in 2023 is going to be a challenge. This is where the majority of companies with new/novel innovations fail, getting to production. Finding the money to get through is tough going, and that along with a very depressed share price (MC) makes it even more so.

It's good to hear your point of SQE, hope the future brightens for us all.

Regards NPJ