lpd share price, page-8529

Your comments about “aura” are understood. Back in 2017 and 2018 we started to develop an aura, which was eroded in subsequent years by the lithium market falling into a protracted bear market. This is something that Lepidico management has identified and is proactively trying to rectify. We have appointed an IR and media consultancy under a mandate to reposition Lepidico as a leader in sustainable lithium development, leveraging all our excellent credentials against a backdrop of dramatically improved industry fundamentals. The Company also needs to perform and deliver on the next milestones, being binding offtake and finance, which we are committed to.
As far as HotCopper is concerned, there is nothing Lepidico can do about ill-informed opinion provided by spineless people that hide behind the anonymity of an alias. Regards BASF, unfortunately we are not in a position to make a public statement under existing confidentiality obligations. Lepidico has dozens of confidentiality agreements with third parties and most of the preclude identification of the signatories by either organisation. BASF, Bisley and BJR have been exceptions. However, any public statement needs to be agreed by both parties, which has not occurred with BASF since December 2019, when we last made such an announcement. The current situation is absolutely consistent with the behaviour of all the other arrangements that Lepidico has with third parties involved in the electric vehicle supply chain.
In summary, management is pushing to advance the Phase 1 Project into development as swiftly as possible and in so doing secure offtake and finance. We know that such news flow is what shareholders and the market needs – we’re on it!i