RE:RE:RE:Read this very carefully and notice the date of itFor sure, there's definitely something there. I thought you might be referring to something in the work plan in specific.
Reading some of the comments and wishful thinking from some about IKN lying. I feel for LIX shareholders (I sold my position in the last run-up, though I still have exposure through AAB), but you have to really be gullible to believe everything is A-OK and on the up and up. I didn't think IKN was lying initially, but I thought maybe he was exaggerating. If there was any doubt in my mind about the viability of those claims, they were removed when LIX didn't issue a NR/statement yesterday evening.
In an industry when reputations take years to build up and moments to lose, I am still nonetheless shocked that people like Paul Matysek & Eduardo Morales (stellar reputations), and even Brian Paes-Braga would damage how they're perceived to this extent. When IKN refers to "amateurs" working the sites, I'm stunned, because the whole premise of LIX's operations in Argentina is that they had Eduardo Morales as COO, and his team at Rockwood heading the process. Does that mean Mr. Morales and his team are the ones cutting corners? Who is in charge of the process that Orocobre supposedly backed away from when they decided LIX was doing shoddy work?
At this point I would be shocked if the stock wasn't halted in trading pending a news release Monday. If they get it out early enough it might trade as normal, I hate to say it, but I have a feeling this stock is going to get annihilated. I hope for everyone's sake I'm wrong, and there's still a 0.01% chance IKN got bad info, but believe me, where there's smoke there's fire, and there is ZERO probability that Otto made this up for attention. While I think his gloating over the SP being hammered is revolting, all he has is his credibility and reputation. If you think he's willing to give it up just because he hates Brian or Frank (Giustra), you're not thinking this through.
The effects will run deep, perhaps even as far as other companies LIX's team is a part of. The reputations of all involved will suffer, and unfortunately so will LIX shareholders. Only redeemable thing I can say at this point is that the asset is still world-class, with low impurities. Perhaps by removing management/directors these assets can be amalgamated with AAL, LAC, ORL, etc., which could potentially increase/maintain shareholder value in the future. I hate to be so negative, but it is impossible to look at this story as anything but bad news for all stakeholders. GLTA, of course, I welcome anyone/everyone's opinions and insight as things develop.