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people will realise this is a good thing” - what people ? Sounds...

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Kensington001

830 Posts.

171

22/04/23

09:11

Post #: 67406395
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Originally posted by zdog13: ↑

the free market don’t like the announcement because Chile are nationalising the lithium sector. That is what they wanted to do. But they can only do it in a way that protects the rights to f the current commercial agreements and rights - of believe this is what the Supreme Court protected.

So when the dust settles - people will realise that this is a good thing. It presses projects ahead. Forces Codelco to work with and protect the rights of owners like LPI.

the state of chillie was to make money off lithium - ‘the time for lithium is now’.

the government are creating the narrative that allows them to partner with LPI have money go off shore to private owners but still maintain that the lithium sector is nationalised.

As long as we can manage our own grandfathered product and select who our partners can be, Codelco can manage the sale and customers of our Litho sites - LPI can do the rest.

I could be well off base as the market hated the news. The way I see things t they haven’t nationalised anything. We own our grandfathered resource and can sell it to who we want. We own the litho resource but will likely have to sell through Codelco. I really don’t care who sells the product - the announcement of the policy means Codelco must work with LPI. Forces them to! That’s not socialist - that a public private partnership.

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people will realise this is a good thing” - what people ? Sounds like a pretty s&$t turn of events to me.

I stumbled on this be accident…
https://www.reuters.com/markets/commodities/chiles-boric-announces-plan-nationalize-lithium-industry-2023-04-21/

note the comment “codelco and state owned miner enami will be given exploration and extraction contracts in areas where there are now private projects before the national lithium company is formed”

LPI Price at posting: 32.5¢ Sentiment: Hold Disclosure: Held
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