For the complainers...For those of you complaining about the cheap PP - you had close to a year to scoop up as many shares as you could possibly afford, under 0.15/share (including as much as you want under 0.10).
The only reason you are complaining is because you most likely missed out on easy money.
I find from personal experience that the loudest complainers are those who continually miss out, time after time; and that is because they fail to execute the most basic investment principal - buy low, sell high.
Additionally, if you really were interested in this deal, and if you really do believe in management's ability to reward shareholders, you would have contacted the company and asked to participate in the private placement yourself. Typically, company's are more than happy to accomodate supportive shareholders in private placements.
LRM dusted off old drill results from a property they luckily maintained for close to a decade - and there happens to be a lot of lithium on the property. In 2002, when the drill program intersected high value's, nobody cared because lithium was relatively unknown to investors in this sector, and the company shelved the project.
Do a little digging on lithium supply and demand, and you'll quickly come to the same realization I did - Lithium is here to stay, and the world is going to need as many suppliers as they can get their hands on.
LRM's property looks very good, and it's still early. I am definitely looking forward to the drills turning here.
Complain all you want - you gotta pay to play. Complaining won't make you money in this game.