LI3 Energy Inc (fka LIEG)

[Dr_Vonschellan]

This stinks....zero volume and no news. COME ON LIEG!!
The news is... there is no news.
LPI was to unlock the purse strings on the US$15,050,000 phase 2 tranche on April 1 (April Fool's Day) to begin flowing into the NewCo Maricunga JV. I can find no mention or evidence that happened. In fact 26.4% partner LPI has been deathly quiet since the April 6 rah-rah fluff PR piece they published in which our suspicion that no "big money" investor/backer/lithium-user was currently investing (or even doggy smelling around our sheet) in the JV was confirmed.

I am beginning to think our only chance at glory is for our LIEC boys to quick change out of their tutus up in Vancouver and let those frat boys up there toss their own salads while they (our boys) hightail it back to Chile and we then latch onto neighboring Codelco's ankles like leeches in hopes we can piggyback on the upcoming deal to sell Codelco's prime Maricunga lithium assets to the highest bidder Click Here. We are probably going to have to discount our adjacent property price 5-10% under whatever the bid the mystery lithium buyer makes to Codelco and pray to the heavens that this new land buyer (ie lithium user) wants to operate a "larger" stake/claim on the salar because we appear to have hit a brick wall on whatever the plan was that our convoluted incestuous team had in mind. If our current suitors knew which end of a shovel to stick in the ground I would be somewhat hopeful/patient, but I ain't.

This is all so sad because now Toyota is giving up on hybrids in China and going all electric. Click Here for the story that came out this morning. Soon China (and Japan) is going to be screaming for even more lithium.

The Doctor