Yeh, those 'LPI leaders' lack so much vision that their last capital raising was during the peak of the price cycle which has enabled LPI, unlike nearly all other lithium juniors, to maintain the same TIGHT capital structure for 20 months and will continue to have that tight capital structure for at least another two years. Yep they sure have done a lousy job of managing shareholder dilution. Only a deluded individual would think otherwise.
How many other lihtium juniors have AUD$19 million working capital to advance their programs? Very few.
LPI has 262.5 million shares on issues whereas many of our peers have far less money in the bank and over a billion shares on issue.
Yep these LPI guys are downright awful capital managers. They are hopeless at everything they touch.
LPI Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held