Morning all,
I am still very much here guys, thanks to my fellow LPD holders for checking in.....just had a months break from all things to reset. No way I am selling this baby....getting exciting right now ! I confirm, will be maintaining a long position here. The following are my thoughts, in my opinion only;
Well, well....Welsho and I were all over this LIT debacle a little while back. SiLeach and the obvious conflict with our intellectual property, the share price manipulation which we theorised was at the hands of "disingenuous" major holders (not mentioned then but obviously now known as the PWN crew), just dirty tricks at the hands of LIT. AG up to his very shady ways - setting an off market takeover in motion to then announce publicly that they have actually acquired more - which I hear strongly is questionable to say the very least
. The Supreme Court action launched by LIT, which is frivolous in nature and grounds, was actually a clever piece of ingenuity on LIT's behalf. You see, whilst the legal action is at play - we are simply unable to raise capital, via retail OR pro markets. Full stop. They try to strangle us financially in legal fees whilst they drag this out ETC, then make a play for the company and all OUR shares. White collar action - this is how the big boys (or so they think they are LIT that is) swallow the small boys (LPD - which we are not...more on this later).
Reason ?? Political Power, grab the tech disrupting world wide Li extraction methods adding another bow to LIT's old feathers - BECAUSE IN REALITY, they know they are buggered with SiLeach and their infractions regarding the "in confidence" info that was shared during the set up phase of L-Max with Lepidico / SM (Strategic Metallurgy) back in the day, breaching licence conditions. So - make a play to get rid of all the issues and just BUY LPD outright, strangle us into a deal. Shocking, but these are the realities of the business world.
What LIT don't know is what we know. What we have, the quality of our management that LIT's management are up against. JW, he muses all over AG in any business environment in intellect, experience and know how. AG couldn't even shine JW's shoes ! Our management are NOT looking to build a sellable business.....particularly at a pissy $23 +m. I laughed with JW at the figure. They are looking to grow a worldwide business, value packed for shareholders - this has been confirmed to me very, very recently. The LIT deal is of no interest.
What we are seeing now are hostile conditions. LIT are actively attempting to buy on market in order to achieve majority holding and spill the board. They have built large buy walls / caps at 1.4c to 1.6c and large sell walls / caps at 1.9c to 2c. This creates a vacuum buy zone of 1.6c to 1.8c - a zone which they will accumulate within and shake holders out. The retailers are now who they are chasing.....don't let them get you.
Our management, at this stage, has advised all holders to "TAKE NO ACTION" on the LIT offer until they advise our directors position. I will listen to our management any day over that of our suitors. LIT must be made to pay up what they must pay up for their unethical business practices and then we will swallow you LIT within 12 months. You can merge with US under our terms and AG will have NO position on the revised board. That is a more likely scenario
!
I also agree with
@Madone - the news flow between now and mid next week will set an impressive scene IMO.
Happy hunting all
! For LPD'ers that is
R08
(20min delay)