OTCPK:BLILF - Post by User
Comment by
neoscepticon Nov 17, 2022 4:45pm
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Post# 35108448
RE:RE:LPI produced BG lithium carbonate with 99.92% purity
RE:RE:LPI produced BG lithium carbonate with 99.92% puritytiger2201 wrote: With this excellent news, LPI was only up 3 cents and closed at A$0.58 today, which is equivalent to BRZ at C$0.364 +0.015 = C$0.379. At C$0.33 that's 14.8% discount with about 1 week time to close the merger! 1C$=A$1.116. I am little disappointed. tiger
tiger2201 wrote: LPI has produced battery-grade lithium carbonate with 99.92% purity from Maricunga. Samples will now be sent to buyers as part of financing plans for mine construction.
https://twitter.com/LithiumPowerLPI
tiger
Unfortunately, market ifor developers is not driven by news distorting valuations. Similar news during bull condition would definetely appreciated. The good news is that it is important for potential partners.
Hopefully, it will create additional pressure on Mitsui, they should understand that these grades may be too attractive and someone can present a superior offer.
Similar was with NLC, when they found 3d aquifier during Li prices downturn, NLC cap moved like 10-15M, which was completely ridiculous, but it worked out in l-t.