LPD 0.00% 0.3¢ lepidico ltd

lpd share price, page-8413

  1. 283 Posts.
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    I am simply over the pie in the sky rose coloured glasses BS that people come up with on these forums. They are so disconnected from reality that no rational argument will get them off their hopium addiction.
    You can see the desperation in how many times you're posting.... That's not going to push up the share price nor save this company. You do not appear to have enough credibility to rally the masses... Or even a handful of shareholders.
    You seem to believe that the company will be able to carry on these capital raisings as consistently as they have been without producing any meaningful amount of lithium.
    The market cap being so low makes it unrealistic that they will be able to do it without financing and IF they are able to achieve financing for their project which is using a novel patent there is that chance which a financier will look at that on a larger scale it might not work. There are not many financiers that will be willing to take that risk and whilst passionate share holders might throw around names like Volkswagen and BASF etc... It's unlikely they will take the risk for a few thousand tonnes per annum of product from a project that has so much risk attached to it and any financiers are going to require some protection for their investment which most of them will require shares which won't be a handful and current shareholders will not be invited to take part... Plus.. they will be at a significant discount.
    Another thing you may be aware of but you're comfortably ignoring is that Joe Walsh's tone has changed from one of a big offtake announcement to, we should probably keep our offtake partner a secret. His inconsistency and shifting of the goal posts is something that has caused even the most staunch of shareholders to sell and move on or lose faith and just hope that they can turn it all around.
    The free meal tickets are running out and if Mr Walsh & Co are wanting to continue their gravy train they will probably need to shift the goal posts one more, eat humble pie and consolidate the number of shares at the next AGM. Generally after any consolidation the share price goes down, so your 1 cent share may be worth 50% less or more. But it will all be required for the company to maintain the lifestyle of management, and make the company appear more respectable for the next phase of no longer being a gunna but a doer and actually building something which currently looks increasingly unlikely.
    There is plenty of lithium supply sitting in the sidelines to keep the pricing relatively stable so hoping that a short term lithium price spike will change the fortunes of Lepidico are going to bring more tears down the track. I am sure investors like @maxi1981 is wiped away his tears and is off on a new adventure investing in something that isn't just based on hopes and dreams shilled by a blue eyed Englishman living in Winchester England. Unfortunately the reality is that he hasn't been able to sell Lepidico, even now Lithium Australia is glad they didn't pick this company up that since time has foundered and wasted so much of investors money. If they really want it and wait they may pick up a bargain, though I am going to guess that the chairman might make things difficult if that occurs and he is not receiving a pay packet from the new company because he is one of the owners of Strategic Metallurgy that has been doing all the work for Lepidico and receiving a tidy sum for it themselves. What happened to all that equipment from the pilot plant, wasn't it all purchased just after SM moved to their new digs... Did they require equipment for other projects and Lepidico was the cash cow that brought it all for them under the guise of a pilot plant?
 
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Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
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