Am I glad SP held today. LPI timing of announcement always intrigues me. I was expecting the worse. I remember 99.9% Ann and nothing happened to SP. Not I think it should go down, plenty of money in the kitty and as MH said on LinkedIn LPI is now moving from explorer to developer and a different skills set is required at the top.
Talking of timing, the reasons I keep holding is the timeline for growth (refer pg. 16 DB presentation); LPI keep producing this and has been good enough in delivering on these milestones (OK pilot plant test was late but when you are in the red, weeks can feel like years ).
The right CEO may have a few investor followers, hopefully with big purse and a penchant for brine. A few timely announcement around DFS release (maybe it will be before end of Q3) should put LPI where it belongs (SP wise) - back in green and beyond in October
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Am I glad SP held today. LPI timing of announcement always...
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