Originally posted by justdoit7
you are right hard facts is only way for lpi no free lunches for this one!
macro situation in terms of global growth & lithium market issues are not helping either... global Li demand is expected to be 900k mt approx by 2025 and with all the announced expansions and new projects coming online production is expected to be 850 to 900k mt... none of the analyst are including maricunga project (low trust!!) in that analysis but they are adding other new projects e.g. lithium america, some Oz hardrock etc etc... if one takes into account all expansions & new projects (good & bad ones!) coming up in the next 5 years total capex needed is over $100 billion compare that to expected funding (announced & anticipated, as of now) approx $8 billion... there is fierce competition for project funding, LPI needs to be on the front foot & sort out OT& funding sooner rather than later, mgmt has already announced about a data room & few interested parties that process can't go on forever, market (and shareholders) will expect an update in no more than 3 months... seems the ball is in LPI's court they can play a winner or...!!
just, I see that you are frustrated but I think this is a little premature, it was less than a week ago that LPI conducted the Finance News network interview, in that they discussed the data room with interested parties, discussed OT discussions and also made reference to the WA tenements, with an announcement due soon. They also discussed their desire for "competition" within the financing/OT space, this all doesn't happen within one week. Patience required.
