Ann: Latin completes A$1m Placement, page-12

from this part:
Further to the Company Update announcement lodged with ASX on 13th November 2017 in relation to preliminary discussions with a number of parties to enter into a potential joint venture and offtake arrangement, the Company wishes to advise that negotiations are continuing with various parties to that end.

IMO, as everyone is waiting for, C.G. knows and obviously they are negotiating with more than 1 party, from my point of view, it's LRS's decision to choose which party to cooperate with to give shareholders best benefits, anyway the HUGE potential is there, it's just a matter of time...

You might make big money if you can hold until the positive announcement been released, it's your money, so make your own decision.