I bought this recently with a rather small investment to see if they could get funding for an interesting process. I am still waiting obviously and can afford to keep doing so, even if currently in the red.
Li price keeps on declining and so not surprising that no one wants to give big money for a new mine or processing plant. Can LPD survive this bleak outlook for Li? The world is awash with Li hopefuls (exploration companies) for a mineral that is abundant in the Earth's crust at a time when EV sales have slowed down.
I can understand the frustration of earlier investors whose hopes have been savaged but why ditch the knowledge and contacts held by present board and management?
However, I do agree that circumstances call for their remuneration to be scaled back, if not completely replaced by performance options linked to SP improvement, well in advance of current position.
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