LIT (ASX) Sileach on notice!

Originally posted by Welsho54 ↑

Lithium Australia NL

Dear Mr Griffen,

I write to you with regards to your Sileach technology.

I note the ambiguous wording and descriptions of the Sileach process, within public announcements. As a reason for confusion, providing a lack of transparency to shareholders of both LIT and PLP.

As a market participant, I demand greater disclosure of the Sileach process.

Please answer the following in a forthright manner.

1. Is "Sileach" a unique and patentable process. Being totally independent and not in any way inclusive of the LMax process, licenced to Lithium Australia by Lepidico (PLP)?
If the answer to the above is yes. Who developed the process?

2. If the answer to the above is No.

A) Are payments or royalties due to any third parties in relation to the use of your trademark claimed "Sileach" technology? If so, to whom and at what rate?

B) Should Sileach be an additional process, used in conjunction with, or reliant upon patent pending LMax technology. Please differentiate the intention or capability of the "Sileach" portion of the entire processing route, from ore to end product.

Your cooperation, I am sure, will be greatly appreciated by the shareholders of both companies concerned.

* Shareholders, hit "like" if you would like to add your support to the before mentioned queries. As a form of petition and market strength.

* Disclosure: I hold PLP & EMH but believe all shareholders deserve greater transparency as to what "Sileach" actually is.

Expand

Originally posted by Welsho54 ↑

Lithium Australia NL

Dear Mr Griffen,

I write to you with regards to your Sileach technology.

I note the ambiguous wording and descriptions of the Sileach process, within public announcements. As a reason for confusion, providing a lack of transparency to shareholders of both LIT and PLP.

As a market participant, I demand greater disclosure of the Sileach process.

Please answer the following in a forthright manner.

1. Is "Sileach" a unique and patentable process. Being totally independent and not in any way inclusive of the LMax process, licenced to Lithium Australia by Lepidico (PLP)?
If the answer to the above is yes. Who developed the process?

2. If the answer to the above is No.

A) Are payments or royalties due to any third parties in relation to the use of your trademark claimed "Sileach" technology? If so, to whom and at what rate?

B) Should Sileach be an additional process, used in conjunction with, or reliant upon patent pending LMax technology. Please differentiate the intention or capability of the "Sileach" portion of the entire processing route, from ore to end product.

Your cooperation, I am sure, will be greatly appreciated by the shareholders of both companies concerned.

* Shareholders, hit "like" if you would like to add your support to the before mentioned queries. As a form of petition and market strength.

* Disclosure: I hold PLP & EMH but believe all shareholders deserve greater transparency as to what "Sileach" actually is.

Expand

Below is a flowchart for the L-Max process which is patented by PLP

http://www.lepidico.com/lmax/

Below is an LIT presentation to the Diggers & Dealers 0n 3/8/16 It has a flowchart for Sileach

http://imagesignal.commsec.com.au/d...nZXNpZ25hbC9lcnJvcnBhZ2VzL3BkZmRlbGF5ZWQuanNw

Make up your own mind.

No.	Vol.	Price($)
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0.024	160000	1
0.025	1230854	6
0.026	635084	6
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(20min delay)
Last 2.3¢		Change 0.005(27.8%)		Mkt cap ! $28.11M

Open	High	Low	Value	Volume
2.0¢	2.5¢	2.0¢	$268.7K	12.03M

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