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26.5¢ lithium power international limited

I don't think anyone here would disagree with your post Gekko,...

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mick z

5,943 Posts.

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28/09/18

16:55

Post #: 35916275
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Originally posted by TheGekko ↑

I need to address a number of points raised in your post.

Firstly nearly all small cap mining stocks particularly electric vehicle and other battery input (lithium, cobalt, graphite) companies have taken a 50%+ haircut since the beginning of the year and are all languishing. LPI is not alone. I also own Syrah Resources amongst other EV input stocks and they have all done the same. It is a typical cyclic downturn, nothing more.

There should be no doubts about the new code tenements as per the early July ASX release. That issue was resolved in our favour and we have been invited to apply for a CEOL over the Litio tenements. The Chilean Governmnet wants LPI/MSB to get on with the Maricunga development BUT we also need to accommodate Codelco in some form going forward. I see nothing troubling about that given Codelco is a State-owned company with a large balance sheet backed by a Federal Government.

In terms of the cap raise for the project development, it would be best to wait and see the DFS number as the PEA number seemed to have some fat built in. I compared the LPI PEA with at least four other PEA documents, all for projects with a larger production configuration and to me, either LPI was sandbagging or the four other PEAs contained fudged numbers. I dont see the cap raise being an issue. As with all tier 1 resource developments, investors/offtakers will be pushing each other out of way to get to the head of the queue.

I cannot see how you could question the quality of the board and management in terms of its ability to progress and deliver the Maricunga project. They have contracted all the best consultant firms and progressed the project as expected. They have defined the world's richest lithium brine resource; secured a very large parcel of slightly elevated, flat land adjacent to the salar for the project development, produced a ball-tearer set of project metrics via the PEA and delivered 99.9% BG LCE, AND submitted one of the most comprehensive EIAs the Chilean Government has ever seen. Not bad if you ask me.

What I have questioned from day on is the LPI Board and management's ability to sell the company and the Maricunga project. Their PR prowess is sadly lacking, but at the end of the day it is substance that counts, NOT HYPE.

There is nothing to sort out, the LPI Board and management as members of the MSB Board just need to keep delivering and the share price, barring any adverse macroeconomic event, will take care of itself. Is LPI undervalued compared to some of its peers? Shite yeah, BUT that has presented a fantastic opportunity for many new LPI investors and for the old stagers to purchase more and average down. Good times ahead. patience required.

Try and remain glass half full.

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I don't think anyone here would disagree with your post Gekko, but but it would be nice if someone at LPI could give us a few bread crumbs, anyway good luck all and go the West Coast Eagles

And as usual you were spot on regarding 6mil tons of lithium carbonate.

Cheers

LPI Price at posting: 27.0¢ Sentiment: Hold Disclosure: Held
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