Next stop 52 week low (35c)
Next resistance 33c
Mitsui not interested in assisting with finance, due diligence of 21 months and counting, still not a peep.
3 month time frame for a signed binding agreement lapsed and non existent.
Lithium price had a massive pull back.
Chile political uncertainty and court case.
One of the largest if not the largest capital intensive projects for its size and type.
Risk of a blow out with DFS capex figures completed end of 2021.
No EPC contracts for construction to begin.
Market starting to ask the question.. where is LPi going to get $700m from, for an asset that won't be paying back any money until mid 2026?
Last director transaction was mid 2021 (Hannon) and before that mid 2020 (Andrew).
No shares bought on market by Christobal in the last 3 years.
Yet a bunch of performance issued stock recently.
Can't see anyone buying short term until the above is resolved. Why would they?
The SP starting to reflect that the project will never get off the ground. Good luck getting a TO with what's happening in the background.
A real shame and a poor result for LPI.
