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23/04/23
07:19
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Originally posted by MrPM22:
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so just out of interest, why does Cristobal continually promote the public/private model when MSB has all the approvals to just go ahead? He is saying it is good for the country (which is doubtful because it will turn away many privateers) but does not mention whether it is good for investors in LPI. The model that he is promoting states that Codelco will be the controlling partner. That isn't explained either, but it is hinted at in the last Heading announcement. It says that the new policy MAY include the option of partial state equity collaborations . Why do we need that if we are fully approved? If this a positive for LPI then I fail to see it. If Codelco is to become a partial state equity holder of LPI how would that work, considering it would the controlling partner? Would Codelco pay for it? To me that means Codelco would acquire some number of millions shares for free so that it would be the majority holder. This is Socialism. Remember this was released by the LPI board on the 20th.
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when dealing with socialist government, one would be best to discuss policies in the context of its social good... hence no mention of things from the shareholders perspective.. Cristobal's playing the game