The key (with muscle) shareholders in LPI are: 21,000,001 shares (18.80%) Holland International Pty Ltd 15,857,143 shares (14.19%) Chifley Portfolios Pty Ltd 14,300,000 shares (12.80%) Great Southern Holdings Pty Ltd
For our key purposes and best interests it is of paramount importance to understand that well-positioned Chilean-businessman Martin Borda who created MSB in 2013 is in the LPI camp with prestige and monumental authority. All our LIEG directors (including those who abandoned us for Vancouver) bow(ed) in deference to Martin Borda. Martin Borda MSB is a partner to LPI. I wouldn't be surprised at all to hear he has already achieved insider status at LPI. My guess is that if Martin Borda says this whole Maricunga deal is dead tomorrow then we are unequivocally dead tomorrow.
My impression is that Martin much prefers to vacation in Australia... not Vancouver. But, I suppose we will have to check with his travel assistant to know for sure.
And foremost to understand today you must never forget that MSB is not merging with Bearing... that would be yuckey-poo.
If we (LIEG) are not sucked into this merger and should then financially fail it is important to understand the we (LIEG) owe MSB $454,901. If MSB files a first rights lien against us for this debt then Martin Borda could in theory with some finagling become our new Big Daddy Warbucks... which I would vote for in a heartbeat. If you seriously want new improved management then pray for Martin Borda.
I trust that after answering your latest pesky child-mosquito question herein that you are sufficiently satiated for at least the next 24 hours. We adults here are growing weary of your incessant drooling on our board.
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