LI3 Energy Inc (fka LIEG)

[Dr_Vonschellan]

LPI is no dummy.
I have previously said on this board that Chilean businessman Martin Borda, head of MSB, is the silent Howard-Hughes type mysterious real power figure in this deal of whom we need to intently watch in this whole Maricunga saga Also Click Here. Today LPI issued a very pithy update Click Here on the current bidding for neighboring Maricunga lithium properties being conducted by our future competitor and whip-toting, puffed-up, near-omnipotent, accountable-to-no-one, slave master Codelco as they search for a moldable pliable spineless "lithium partner".

In this David & Goliath (we are David) story LPI has stated unequivocally we are are not going to swallow any phase 2 BS from Goliath. LPI/MSB is going to fully resist Codelco terms on acquiring an additional 2000 hectares of inferior useless-to-us property in/near the salar simply in order to fatten Codelco's bank account.

Future President Sebastián Piñera is going to have his heavy work already cut out for him on the Day One of his new term... and let's hope he starts by lighting a bonfire under all the snakes in Codelco second after he crushes the idiotic antiquated business-killing law Click Here on the books classifying lithium as a "strategic" mineral which must be over-regulated by Chile (administered by greasy palm bureaucrats) in order for the country to make atomic bombs... does Chile really have some burning need to become the next North Korea? Let's hope President Sebastián Piñera has the backbone to truly expose this stupid artificially restrictive law as the blackmailing knee-capping phony legal device it truly is used exclusively to stomp on private mineral developers in order to grease the pockets of just a select couple of ask-kisser Goliath-size miners in Chile.

Hats off to LPI and MSB for standing up to Goliath today. If only our LIEG directors had the same backbone we would at least feel a little better/prouder in our current misery today.

The Doctor