LITHIUM POWER INTERNATIONAL LIMITED (ASX:LPI) - LPI - The Next Lithium Producer in Chile, 66191923, page-2538 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by FreeflyerNZ: ↑

No one is confused by stage one and stage two.

Is Mitsui still confused over stage one and two to convert its MOU, after 21 months of due diligence?

Looking forward to the progress on those EPC contracts.

Due mid 2022

Now Q4 2022

Now missing in the last quarterly?

FID was due at the end of the year.

Considering

- EPC is required for LPI to be granted the final permit to reroute the highway that runs through the pond farm (for stage one)

- Pond construction was deemed the 'most critical' part in the projects construction plan

What progress has been made?

I'll tell you one thing for free, LPI is not extremely cheap because investors are confused of stage 1 and 2.

There are many reasons.

I don't buy you and your friends comments of its all happening 'behind the scenes'.

There's only one reason why a company hides and delays milestones, fun fact, it's not because they are too busy working behind the scenes.

Bit like Gekko claiming (as they were over due by well over a year) off-takers and financiers had the battery grade sample results in the data room already only for the sample results to be announced two months after his comments. Turns out it wasn't behind the scenes just so late it was assumed it was complete.

15th of Feb is the last day of Christobal's 60-90 day deadline for Mitsui. Let's see if they can prove me wrong!

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The confusion is, or one of them for me anyway, that stage one for LPI has an approved CCHEN but Codelco is applying for a CEOL, in a case before the Supreme Court, over the whole of the Maricunga. The claim by Codelco is based on the false assertion that the old code tenements should come under a CEOL because Lithium is a metal. True but the fact is that it is being mined as a salt ie Lithium Carbonate or Chloride or similar. That decision is due any day.
Lithium is effectively already nationalised by legislation under Pinochet but there are 2 private companies with permits ie CEOLs that mine Lithium Carbonate in the Atacama, SQM and Albemarle.
LPI is being 'sabotaged' by Codelco and thus the Govt because IMO they want to 'nationalise' the whole of the Maricunga for Codelco. That means the Govt is stalling Stage one in order to take it over by a forced partnership or a 'treaty' as Boric puts it.
Mitsui is not going ahead with any offtake agreement with that hanging over LPI.