LITHIUM POWER INTERNATIONAL LIMITED (ASX:LPI) - LPI - The Next Lithium Producer in Chile, 67109950, page-3067 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by thecrabpest: ↑

I think you are reading too much between the lines and looking for smoke - not even fire.

Politicians are appointed to these ministerial roles, they are not elected.

He is not the minister responsible for the lithium policy, and I would assume if he was to not tow the party line and start making noise or creating barriers that prevent the accelerated outcomes the government desire, then I would expect he may not be long for that role.

There are existing, legally binding agreements in place with relation to the leases.

There are free trade agreements in place between the countries.

The government wants to attract international investment.

There is immediate demand for the product.

Trying to effectively take a majority ownership of pre-exisitng projects would result in legal processes that would take years of legal action from an in country and possibly even an international court perspective.

This would be WAY beyond the next election cycle in the country, and the government need significant wins in the near term to help support re-election.

The government has stated they do not have the experience to do this on their own, nor is it likely they would want to take all of that risk on by themselves, even if they could.

Buy, hold or sell, the only thing that we can expect is to be surprised (either positively or negatively) in the coming weeks and months.

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yes I am being the devil's advocate here.
I am confused by your post though.
The legally binding agreements have been challenged by Codelco. It's with the Supreme court that was supposed to make a ruling weeks ago.
Free trade agreements are not going to stop a seriously Socialist Govt from Nationalizing Lithium. Indeed, the Govt has stated categorically several times that it owns all the Lithium and Boric himself is not moving away from that. Chile did it with copper back in the 1970s.
If the Govt wants to attract international investment then why doesn't it just allow LPI and Simco to go ahead? They're doing a terrible job on that front.
Yes, I agree that Nationalizing Lithium would lead to court cases but the alternative offer from the Govt (Boric) could be that the project is never approved to go ahead, which is where we are now. Stuck in a bind with the Chilean Govt.
This Govt would see it as a win (imo) if it does succeed in taking over all Lithium projects and I suspect the people of Chile would too. It's LATAM after all, which is seriously socialist even under the supposed right wing Govt previously. Remember the riots in Santiago over welfare payments?
Your last sentence is true though. If what you say earlier in the post is true, then the only outcome for LPI would be positive.
I am hoping that the Chileans do not go down the path of Nationalizing private Lithium projects because I have a lot to lose. Already have lost a lot.