RE:RE:RE:MSB & LPI ArticleEMTguy wrote: So they have been touting Mitsui for a year and now they say " decided to resist the temptation to sign an off-take agreement." I have been in this company various times for th past 6 years ! Same old song and dance ! They have the best Jr. Lithium project in the world! And they do what ? Say what ? Or Mitsui bailed ! Unbelievable!!
Yes, "resist the temptaion" sounds strange and vague. Was the offer too low? Was there a real offer?
I already got, that this company pace is about 2-3 slower than average Jr., 40% is due to location (Chili's bureacracy got nuts over last few years), 40% due to counterproductive JV structure (nobody want to lose supply because of intra-company bureacracy problems), and about 20% other, mostly management.
That is why I do not expect anything this summer, it is not a speculation (despite the "fnancing is coming" lines), but l-t investment. At the same time, in this market, you never know, offer may came out of nowhere.
Deposits of such quality are not going to be ignored and having DFS, permits on hands is a huge advantage.
I am going to be patient with them, paid off in similar situations before.