Ann: Notice of Annual General Meeting, page-9

I have re-read the relevant parts of the document and tend to agree that something may be brewing. I was startled to read the paragraph
“ The Board’s current rates of remuneration are considered to be below market rates for a Company of the size and operations as Latin, and the Company has agreed to provide an additional equity component to their remuneration packages, being the Loan Funded Shares to motivate and reward them for their service to the Company.”
I would have thought they were overpaid already. However if they truly believe they are underpaid then shares in lieu of a salary increase is interesting. Of course if they choose to sell this bundle of shares immediately it would be a nice little bonus. However I have a gut feeling they know there is a bigger pay day on the horizon. I am intrigued by the inactivity. It smells like a deal is being worked through with a JV partner. The lithium market took a hit with the recent Stanley Morgan announcement but is is becoming apparent that SMs opinion was inaccurate. The demand for lithium will be insatiable during the next decade. Electric cars will be a part of that but the real demand will come from domestic batteries to store solar energy.