Australia's largest stock trading and investment forum Australia's #1 stock forum

LPI

Click for more information

0.00%

56.5¢ lithium power international limited

I’m never investing in Chile again. I’m sure others will echo...

First 2531 Last

Share
Profile

Follow
Dangero

472 Posts.

86

10/02/23

18:24

Post #: 66187056
Share

Originally posted by MrPM22: ↑

yes Chile seems to be in a state of confusion. The new progressive constitution was rejected by over 60% of the population and President Boric's popularity has fallen to just 32% from 50% when he was elected.
Boric is very socialist left leaning President, who is only about 36 yo. He's a member of the Broad Front, a very left leaning coalition, so I think he would nationalise Lithium in a heartbeat. What's stopping him? Popularity falling and new progressive constitution thrown out? Maybe. Or maybe he has another plan.
Meanwhile Codelco makes a play for the Maricunga.
All of LPI's approvals happened under Pinera, the right wing Govt preceding Boric.
The Judiciary will decide.

Expand

I’m never investing in Chile again. I’m sure others will echo this sentiment. I may be one person but this sort of behavior moves Chile up the rankings in sovereign risk globally. Could not have made the experience more frustrating if they tried.
atleast western lithiums Australian for the future.

LPI Price at posting: 41.5¢ Sentiment: Buy Disclosure: Held
10 Upvote

1 Great analysis

Reply

Top Stories

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

CBL

Control Bionics expands into UK and Irish markets with NeuroNode device

YAL

Yancoal makes it into the ASX200 in latest S&P rebalance

GDC

Global Data Centres not clear on future operations after AirTrunk sale payout

CNB

Carnaby Resources hits copper at Mohawk, QLD

There are more pages in this discussion • 800 more messages in this thread...

First 2531 Last

Add LPI (ASX) to my watchlist