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diligent

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10/10/18

12:42

Post #: 36066825
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Originally posted by justdoit7 ↑

low turnover could mean few things.. 1. it's definitely closely held, 2. big holders are not selling in the current market, 3. small holders are also expecting something to happen soon so don't wish to lose out...
Also, the latest statements coming out of chile seem to be pushing lithium mining hard... probably the reason LPI withdrew Litio legal challenge, imo'
excerpts from recent statements by Chile mining minister:

8 Oct, 2018
... Minister of Mining said, in addition to copper, Chile also holds almost half of the world's lithium reserves. Both products are key to rechargeable batteries used to make electric cars.
Prokurica said the country is looking to further open its economy to foreign investment in its copper and lithium reserves as part of its "Plan B" to shore up its economic growth.
The International Energy Agency (IEA) estimates that by 2030 there will be 125 million electric vehicles, compared to 3.1 million in 2017. That total could increase to 220 million if environmental policies become stricter.....

5 Oct, 2018
....the Minister of Mining, Baldo Prokurica, announced that he will promote a public policy with the objective that large companies transfer their unused belongings to smaller miners....."
"...In this sense, the minister specified that he ordered the Ministerial Regional Secretariats of the sector to carry out a cadastre of the mining properties that are not being used, in addition to the companies that would be willing to participate in this transfer policy...."

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Thanks, but I had to look up the meaning of cadastre. But I hope there are no lawsuits in regards to LPI's tenements.

LPI Price at posting: 28.3¢ Sentiment: Buy Disclosure: Held
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Turnover hits the bottom of the deck, page-3

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