People obviously don't understand that the options are owned mostly by board members. They have to pay the coy 20c to exercise the options. That gets money into the bank. If the options are not exercised, then the next cap raise will have to be larger and probably go to the likes of Regal who will sell the stock. At least if the board holds more of the company they are less likely to exit.!!!
Fwiw, I think this is a reaction to the elections for the re writing of the constitution. I believe this is an over reaction. SQM has come off its highs but ALB has held up well. LPI are in a prime position, having already been granted all the permission and permits required. For others in the future to do this, it may prove more difficult. That make what LPI has of greater value.
DYOR.
LPI Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
