I am in this game for 6 years now, i am not an expert but I have done all my research into their finance and another potential risks.
With the current price, i just gave up watching it. Been accumalting small positions around 25-26c to average further.
Management and large holders holding majority of shares, they will drive up the price when the time suit them best.
The first two quarters 2019 is critical to their timeline so I just have to be more patient.
I would never have though sp back to where it was 2 years ago due to the two funds that supportted IPO bailed out. Marty must done something to damage their relationship.
Marketcap $67m
Cash: $20m
Project in Chile have spent more than $30m to date and fully funded until DFs and obtain other permits.
Codelco has the mandate to start Lithium extraction in the Maricunga region and LPI has the best resource and flat lands to build the ponds. We are the most advanced project in the region.
We have two new subholders bought more than 11% recently.
Things doesnt make sense at the moment.
Also the asx market have been in red for weeks which doesnt help.
LPI Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held