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3.64%

26.5¢ lithium power international limited

Ann: Ceasing to be a substantial holder from MUFG, page-27

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LT_Investor

1,742 Posts.

116

07/02/19

14:48

Post #: 37364357
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Originally posted by TheGekko: ↑

I set up and managed a data room for a major energy asset sale in the 1990s. There were over 30 interested parties, mostly foreign. The data room was open 12 hours a day, six days a week and on public holidays. It was supposed to be open for six weeks, but such was the interest and competition for the asset, it remained open for six months. The amount of due diligence undertaken by potential bidders was enormous. Don't hold your breath in regard to the LPI/MSB data room, as serious investors will be running the ruler over everything and seeking additional information until they are satisfied they are in a position to make a decision. Patience required.

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I agree Gekko, I strongly believe having WorleyParsons to complete the DFS using the same model as SQM will fast track the time frame for potential investors to perform their financial due dillegience.

LPI Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
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