LPI has $25m in the bank and more to come from the 20c options when they’re exercised.
According to MH we won’t be paying for the mine build. So is there a few million $ in the bank that could be used for a buy back? Sold at 55c, buy them back at 35c.
If not then it’s time for an offtake partner announcement or we knock on POSCO’s door for a merger and get an uplift from the BRZ rating. Their share price was up yesterday 6.67%.
It seems the interest MH spoke about at the BMO conference was actually short interest!
LPI Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
