ok, why was there no significant value creation for LPI shareholders over many years? maybe LPI is the marionette of the Chiliean MSB company (they are the largest shareholder, and MSBs director is the LPIs CEO). Is LPI exposed via its leadership and ownership structure to Chilean ideology, that does not value free market enterprise in mining, as Daniel Jimenez put it in his recent interview? Is there a "the state" first agenda MSB follows (and not a shareholder first agenda)? We see so much talk about private-state partnerships, TV footage where MSB and regional government show their unity, we have the Codelco drama that was not really discussed with shareholders, and many deadlines given to LPI shareholders that were empty promisses. How much does LPI, controlled by MSB' ideology, value shareholders and free market enterprise?
LPI Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
