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26.5¢ lithium power international limited

You and Cassandra are off your rocker.

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mick z

5,943 Posts.

27

13/01/19

13:13

Post #: 37100245
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Originally posted by Fliddy ↑

Originally posted by Cassandra
Exactly my thoughts as well. Holland and the board have basically talked up LPI and taken shareholders money without having had the irrevocable mining approvals from the Chilean Government. Without unrestricted ability to mine the LPI holdings the shares have little upside.
Why the Chilean Govt. would pass up/ delay a job creating and royalty producing opportunity only a socialist would know.

Your rating - strong buy - ignores the fundamental stumbling block that after years of trying, nobody has been allowed to develop Maricunga. That includes the efforts of three companies for more than 20 years (Minera Salar Blanco, Li3 Energy, and now LPI) to get permits from both conservative and left-wing Chilean governments. The market knows this and is discounting the share price accordingly. It would seem the previous LPI's CEO also knew this when he sold out his holdings... One would guess there is little hope for any new Li-brine developments in Chile. I would suggest either to hold it for a bit longer - on the hope things may change - or to sell.

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You and Cassandra are off your rocker.

LPI Price at posting: 24.5¢ Sentiment: Hold Disclosure: Held
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