LI3 Energy Inc (fka LIEG)

[Dr_Vonschellan]

Bearing_Lithium reminds former Li3/LIEG_holders of swap deadline
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aBRZ-2800628&symbol=BRZ®ion=C
or
https://web.tmxmoney.com/article.php?newsid=5777450525967763&qm_symbol=BRZ

Then join the discussion on https://investorshub.advfn.com/Bearing-Lithium-Corporation-OTC-BLILF-36086/

The Doctor

[Very_Clever]

Interesting reads... are now over on iHub_BRGRF
http://investorshub.advfn.com/Bearing-Res-Ltd-BRGRF-31800/

This LIEG board is dead now since the merger.

[Mick z]

Interesting read.

https://finance.yahoo.com/news/chile-worlds-biggest-lithium-venue-124000543.html

[Info3]

Again you write words, and they come on deaf ears. People tracking this board be responsible to yourself, don’t believe things you read from some people. Use past posts as your proof.

Your choice !!

And LIEG is no more, it has merged, good call Doctor, I hope you paid and have good Malpractice insurance !!

[Dr_Vonschellan]

Info3, you poor senile old fool forever_stuck_in_your_rut

BRGRF up 13% at this writing Click Here.

The LIEG king is dead, Long Live the LIEG king.

The Doctor

[Info3]

I see a lots of words and different numbers on this board. They are just words and numbers, just because they are written does not necessarily mean they are true !!!

[caj025]

So tomorrow our stock is converting to Bearing ...?

[Dr_Vonschellan]

=====================================

[Renee]

LIEG: Acquired. For each share of Li3 common stock holders received 0.0287705448370321 Bearing common shares.

FINRA deleted symbol:

http://otce.finra.org/DLDeletions

[Dr_Vonschellan]

Is RT fixing to knock Fulin outofthe saddle?
I am not in Chile today and I am having serious telephone and email problems in this Korean no-mans land. Would one of guys in Santiago (preferably Maria) try texting a quick note to me with an update? Thanks, Doc

[Dr_Vonschellan]

Actually I hopethe_RioTinto_deal_to_buy_into_SQM_tanks. All_the_more_power_to_us
https://www.bloomberg.com/gadfly/articles/2017-11-20/rio-tinto-s-buying-again-expect-an-unhappy-ending-for-lithium

The less competition in Chile, the better for us, hear, hear... unlessssssss RioTinto is now foregoing SQM in order to buy some heretofore unknown junior lithium miner in the Maricunga neighborhood. But who would Rio Tinto go after if all their major investors are clamoring to trim the lithium acquisition budget way down from $4.6B to a paltry $500,000,000?

After all, apparently Fulin only needs/has $350,000,000 (Click Here second to last paragraph) to get "into" a Chilean Lithium junior miner which I am guessing is $257M for CapEx, $60M to MSB & LIEG, $30M to LPI, $3M for goofing/Fulin around in Santiago with all the beautiful girls dressed in their nightly finest designer outfits wearing strappy high-heels and happy to see Pinera returning to power.

Could it be that RioTinto has $150,000,000 too much/excess to play with for their next/first-ish acquisition in the lithium space?

The Doctor

[Dr_Vonschellan]

China is winning the Lithium Arms_Race..._duh,_no_Fulin_Sherlock
http://money.cnn.com/2017/11/20/investing/lithium-china-electric-car-batteries/index.html

The new upcoming 4-way JV partnership should buy another lithium salar (or cobalt mine) in the new Chile.

The Doctor

PS, And German Volkswagen now needs enough lithium batteries that would fill 4 Gigafactories http://money.cnn.com/2017/09/12/technology/volkswagen-batteries-electric-cars/index.html?iid=EL

[Dr_Vonschellan]

Pinera=Pro-mining. Guillier=Tax_miners_even_more_right_down_into_the_dirt.
Presidential socialist candidate Guillier wants more taxes/higher-royalties on miners and more nut-crunching regulations on miners. Geez, when will this Bud Lite Communistas learn?

Comparison of the two presidential candidates mining bullet points:
Click here for Spanish
Click here for Spenglish

The Doctor

[Dr_Vonschellan]

Looking at your figures_looks_like_BRZ_have_bitten_off_more_than_they_can_chew?

Mick_Z, ahhhhhh, sort of. As I get older I now think this was LIEG's plan all along. LIEG has always done convoluted sheet like this in order to keep their $2,000 Gucci soft kid leather loafers squeaky clean and shiny free from that yucky-poo dirt out on the salar lake. To wit, you never heard a single peep out of MSB/LIEG when you guys unilaterally kicked that last payment to the JV on the 13.8% share of US$7,500,000 originally due in 2017 back to 2018. It was all perfectly calculated/orchestrated I do believe. I now applaud their foresight/patience/gamesmanship.

The Doctor

[Mick z]

Looking at your figures it looks like BRZ have bitten off more than they can chew?

[Dr_Vonschellan]

Mick_Z, I completely_understand_your_position. Clear_as_a_bell.

I was able to put in an order to buy LTHHF shares this morning on the OTC.
There is no trading halt on LPI in America. Your mates can probably call their Australian brokers to "flip" their shares over to the American exchange for sale for 3 days. I know the Americans can do the "virtual" reverse.

With regards to what Bearing owes LIEG we would need to travel into a worm hole and slip one month into the future closer to the drop dead deadline for the merger to actually take place assuming the current Bearing shareholders vote in favor of the marriage.

IF the Merger-Day/Exchange-Day ever happens the 17.7% Maricunga NewCo JV share will de divided as follows if there is no vindictive/carpetbagger behavior employed.
BRZ (Canadians) = 10.3%
BRGRF (USA)___= 7.4% which is us Legacy LIEG shareholders.
Total__________= 17.7%

If for example LIEG on Merger-Day/Exchange-Day should be $.0568pps and BRGRF stays in the toilet at $.686pps then Bearing would need to cough up $20,600,000 to satisfy their on paper debt to LIEG shareholders to reach parity which could prove to be a huge stretch for them.
34.76 LIEG shares at $.0568pps_____________ = $1.98
1 BRGRF share at $.686___________________= ($.686)
Cash payable to LIEG shareholder to reach parity = $1.29/exchange

16,000,000 BRGRF shares x $1.29/exchange = $20,600,000 cash payable (prorata) to all LIEG shareholders which includes Uncle Posco.

It is possible that in the What-If Scenario #1 sale of the Maricunga NewCo JV 13.8% share (which you guys don't own yet) to Fulin that the Chinese are encouraged through "good fellow" trade-offs to pay around $20,000,000 for the straight-out tangible asset of Land in Chile. Of that $20M approximately $13M of it goes to Martin Borda with the last $7M to Bearing/LIEG.

That $7M reduces Bearing Exchange-Day parity payment to Legacy LIEG shareholders down to $13M.

If the new Fulin-Era Maricunga NewCo JV ownership percentages are as follows:
MSB 32.3% minus 14.6%____= 17.7%
LIEG 17.7% minus 00.0%____= 17.7%
LPI 36.2% minus 18.5%_____= 17.7%
Fulin 13.8% + 14.6% + 18.5% = 46.9%
Total__________________________100%

... then we simply would need for LPI and MSB to approve BRZ (Canadians) selling 3% of their 10.4% share in the Maricunga NewCo JV to Fulin for $13,000,000 much like a handsome burly strong big brother (Fulin) would do out of altruistic kindness in his heart for his crippled retarded half-blind little brother (BRZ Canadians).

The final percentages ownership in Maricunga NewCo JV would then become:
MSB 32.3% minus 14.6%________= 17.7%
LIEG 17.7% minus 03.0%________= 14.7% (ie 7.3% for BRZ Canadians and 7.4% for Legacy LIEG shareholders)
LPI 36.2% minus 18.5%_________= 17.7%
Fulin 13.8% + 14.6% + 18.5% + 3% = 49.9%
Total__________________________100%

If this scenario plays out then I see little chance of Bearing suffering any huge class-action lawsuit over parity payment to Legacy LIEG shareholders (including our Uncle Posco) on Merger-Day/Exchange-Day.

The Doctor

[Mick z]

Yes quite,not happy with the Cap Raise and very peeved.

I doubt lpi would any% for $40mil, they have already knock back a take over offer of 88c per share.

Hey Dr, how much money do BRZ owe LI3 in total?

[Dr_Vonschellan]

Mick_Z, you are strangely_quiet_today_on_HotCopper
with your short one sentence comments/answers
https://hotcopper.com.au/threads/ann-trading-halt.3848531/page-35?post_id=28955963
https://hotcopper.com.au/threads/ann-trading-halt.3848531/page-33?post_id=28952855
https://hotcopper.com.au/threads/ann-trading-halt.3848531/page-24?post_id=28947320

Since you like to talk/school-us so much, I would have thought you'd be telling your mates down-under on HotCopper that there is a good chance their participation/involvement in the Maricunga NewCo JV might be dropping from the very current 36.2% down to 17.7% in return possibly for $27M to $40M cash from the Chinese. Click here and Here.

Has the Cat got your tongue today? Or, maybe you're coming down with the flu? Maybe you should see a doctor... No Fulin.

The Doctor

[Dr_Vonschellan]

Congratulations to_Sebastian_Pinera!_The_best_man_for_President!

From all of us little mushroom-in-the-dark peasant shareholders at LIEG.

The Doctor

PS, that'll be $110 for this office visit. Please pay the nurse on the way out.

[Dr_Vonschellan]

Caj025, if there is a HALT_on_LIEG_trading_Monday_also,_then_we_know
for sure we (LIEG/LPI/MSB) are all on the luxury edition extra-plush-seats electric Fulin Yema Bus to Happy Town.

The Doctor

PS, that'll be $110 for this office visit. Please pay the nurse on the way out.

[caj025]

This is awesome , ohhhhhhh the suspense !

[Dr_Vonschellan]

Mick_Z, then you will be rich now.
Plus you Ozzies will no longer have to bust your butts out on that hot dirty Salar with a pick & shovel now or have to give any more of those special massages under the table to the bankers... the Chinese will take care of that now. And, your blood pressure will surely come down 10 points. Your hair might even stop falling out with these new Chinese partners doing nearly all the heavy work.

I feel sorry for those poor LPIO guys who won't "mechanically" be able to exercise their options before the expiration and before the pps nearly doubles.

The Doctor

PS, that'll be $110 for this office visit. Pay the nurse on the way out.

[Mick z]

I hold a large amount of LPI so no need to buy more.

cheers

PS - PFS coming in two weeks.

[Mick z]

That's good news

[Dr_Vonschellan]

Pinera WINS first_round_of_Chile_election,_faces_runoff._Bravo!
https://www.reuters.com/article/us-chile-election/pinera-wins-first-round-of-chile-election-faces-runoff-idUSKBN1DJ03C

Success! We're on Easy Street now.

The Doctor

[Dr_Vonschellan]

Mick_Z, I_increased my LIEG 40% last week. Did_you_do_the_same_in_LPI?
What's that you say?
You say, "No, I was in Hold mode".

Awwww, that's a shame. There's been a trading halt in LPI in case you didn't know. Sounds like you weren't properly Fulin around.

I love Fulin around. It's great.

Cheers

The Doctor

PS, OKkkkkkk, yeah yeah, you're finally exploding to AU$1.00pps - $1.20pps

[Dr_Vonschellan]

LPI Trading HALTED. Ah-ha! I_believe_there_has_been_some_Fulin_around...
http://www.asx.com.au/asxpdf/20171120/pdf/43pcphsrd2m7hc.pdf

Supposedly LPI is going to try and raise more capital... hmmm, that sounds a little suspicious to me. LPI already has potentially AU$21M in options (new capital) coming home this week-ish. So do you my fellow wetback mushrooms-in-the-dark LIEG shareholder amigos not think this coincidental LPI Trading Halt odd also? We need to ask ourselves, "so why halt trading now?"

Well, my odds are three to one Fulin Group (who owns Yema Global) bought into LPI as I predicted in Scenario #1 Click Here and the announcement is coming on November 22 which gives MSB and LIEG time to also get their ducks in a row next. For the adventurous investors, you might try to get in under the wire and buy some LPI on the OTC at LTHHF if you agree Fulin is indeed buying approximately 18.5% of the Maricunga NewCo JV from LPI (who owns 36.2% of the JV now free & clear) which could pump a cool $30M or $40M or even mo' money (yee haaa) into the Ozzies el quicko el pronto el rapido.

For my next prediction, I wouldn't be surprised to see (two weeks after the fact) that Bearing Execs, Insiders, their homeboy investors and maybe even some MSBers are going to be scooping up good-as-gold LIEG shares (plus future parity exchange cash) on Monday morning. If we (LIEG) go into a trading halt (hopefully not Monday, cross your fingers) also, then you can order TWO new Ferrari Portofino sport cars instead of just one... I've already put my deposit down on one of those bad boys.

The Doctor

[Dr_Vonschellan]

Mick_Z, I have looked_at_your_"Numbers"_and well... Ha-ha-ha-hilarious
https://hotcopper.com.au/threads/massive-news-for-lpi-holders.3844595/page-56?get_post=true
You forgot to incorporate the Golden Rule into that hastily-farted-out chicken-scratching on HotCopper you call "Numbers"

The Golden Rule says, "He who CONTROLS the Gold, CONTROLS the deal".

You self-important delusional welching deadbeat Ozzies don't have the $257,000,000-Plus CapEx gold and you never will have the gold. Likewise LIEG will never have the gold. And to complete the triad, MSB will never have the gold. Only FULIN has the Gold, (ie the $257,000,000-Plus CapEx) therefore they FULIN will control the deal in accordance with the Golden Rule. Click Here for my numbers that you requested.

LIEG is and always will be a bystander in this deal at 17.7% of the JV.
MSB was the original driver in this deal, but will very likely also happily become a bystander delighted with a whopping big pile of green cash buyout (or Fulin shares) and a probable final 17.7% of the JV.

LPI the pretend miner, will ultimately also become a bystander in this deal with a whopping big pile of green cash buyout (or Fulin shares) and most likely a final 17.7% of the JV after it is all said and done. Click Here for the details of how the new King in this deal which is now Fulin will ultimately CONTROL this deal top-to-bottom because they CONTROL the gold... not you.

The Doctor

PS, you know, Ozzie pumpers like you are pretty much a disgrace to your kangaroo parents... and oh yeah, in closing... Cheers.

[Mick z]

Where are you getting these numbers from?

If MSB wants to sell 20% of its holding ( say 32% ) Net holding would be 25.6%

[Dr_Vonschellan]

Ooops, slight transposition error. The_new_4-way_JV_would_look_like_this

MSB 32.3% minus 14.6%____= 17.7% Revised status of shoes = always clean as a whistle and super shiny
LIEG 17.7% minus 00.0%____= 17.7% Revised status of shoes = most times clean (FYI, no upfront whopping big pile of green cash here)
LPI 36.2% minus 18.5%_____= 17.7% Revised status of shoes = semi dirty, semi salty
Fulin 13.8% + 14.6% + 18.5% = 46.9% Revised status of shoes = very dirty, very salty
Total______________________100%

There. Now everything adds up correctly.

The Doctor

[Dr_Vonschellan]

I been Fulin around with_the_numbers.__Soooo_let’s_play_What-if_again
The Fulin Group from Mianyang China is a $2,560,000,000 manufacturing conglomerate employing 10,000 people with 73 subsidiary companies under its control. For our purposes we want to be and remain very cognizant of Fulin’s Yema Global automobile subsidiary which manufactures a super sleek very-sexy electric bus very popular in Asia and especially in smog-filled "breathe the filthy disgusting local air at your own risk" Beijing.

So here's What-If scenario number 1

Fulin obviously wants into the Maricunga NewCo JV and I think we should encourage/undertake to get their big Fulin foot in the door by offering to them the outstanding 13.8% share in the Maricunga NewCo JV for the super cheap price of $7,500,000 payable to MSB and LIEG (perhaps via LPI). Some of you may argue that this price should be quadrupled to $30,000,000 under new happy times Pinera-government era, but this is a pointless premature short-sighted stab into Fulin’s bum for no good overall benefit given Fulin wants to buy more JV ownership from MSB and LPI under Pinera-Regime-Pricing. Initially the NewCo JV would become a 4-way partnership with starting first out-of-the-gate ownership percentages along these lines:
MSB 32.3%
LIEG 17.7%
LPI__36.2%
Fulin 13.8%
Total 100%

However, Fulin has indicated they want a minimum involvement in the JV of 20% and could be agreeable (read that, politely demands) to boosting that involvement up to something closer to 50%. To this request from Fulin I would recommend that MSB sell at Pinera-era pricing a 14.6% share of the Maricunga NewCo JV at a price to be determined by those two individual companies. Next, I would recommend that LPI sell at Pinera-era pricing of 18.5% share of the Maricunga NewCo JV at a price to be determined by those two individual companies. Incidentally, there is nothing stopping MSB or LPI from trading their JV-shares to Fulin in exchange for stock certificates in the Fulin Group in lieu of a whopping big pile of green cash today. As an example, MSB has stock certificates in LPI.
The resulting partnership in the JV would then be:

MSB 32.3% minus 14.6%____= 17.7% Revised status of shoes = always clean as a whistle and super shiny
LIEG 17.7% minus 00.0%____= 17.7% Revised status of shoes = most times clean (FYI, no upfront whopping big pile of green cash here)
LPI 36.2% minus 18.5%_____= 17.7% Revised status of shoes = semi dirty, semi salty
Fulin 13.8% + 14.6% + 18.5% = 49.9% Revised status of shoes = very dirty, very salty
Total_____________________100%

In this new 4-party JV partnership Fulin would be completely responsible for the $257,000,000-Plus CapEx (Capital Expenditure) spanning the entire proposed 26-year LOM (Life of Mine). In practical terms Fulin becomes the project’s exclusive “In-House Banker” and manages/provides this entire budget including in-house finance charges. The JV will of course be responsible to repay on the principal under a standard arrangement.

Next, it could be proposed that all the LCE (Lithium Carbonate Equivalent) for the first 5 years of mining up to 25,000MT/year will be sold to Fulin at 66% of market value (that’s a 34% discount). For example if LCE is selling for $14,000/MT then Fulin’s price is $9,240/MT FOB Maricunga.

After the 5th year Fulin’s discount drops from 34% down to 17.7% until end of mine life if Fulin remains a partner in the JV.

All LCE produced for export over the first 25,000MT per year (beginning with year 1 of production) will be sold at market value with Uncle POSCO having first right of refusal on this excess amount. Uncle POSCO’s discount will be 17.7% off market value price of the LCE for a period of 5 years (continuous once initiated).

So with this scenario in place let’s re-look at the revised ongoing periodic handy-dandy Excel spreadsheet and see what we (LIEG) would be worth in December 2017 and March 2019. I am changing the spreadsheet line “Estimated Income 44% of EBITA” to “Estimated Income 70% of EBITA” since all the CapEx sourcing/management/overhead costs are now bore in China by JV partner Fulin. I am also changing the spreadsheet line “Local royalties/community payment/Tax = 35%” to Local royalties/community payment/Tax = 21%” since we can be sure the Centrist Lefties are not going to be in power within the executive branch for the next 4-8 years in Chile and Pinera has strong pro-business policies/thoughts on these local hidden blood-thirsty taxes stifling new business development in Chile-at-large.

Lithium Carbonate Equivalent = 2,150,000 Tonnes
Price Li2CO3 discounted 34% to Fulin for 5 years = $9,240 /Tonne Ref
26-year life span of mine LOM = 26 Years
Life of mine Gross value = $19,866,000,000 (Note: warped/discounted by $10B based on first 5 years used for this Scenario #1)

Tonnes production 100% capability per year = 83,000 Tonnes
Tonnes production 55% w/Conversion per Yr = 45,650 Tonnes
Tricky Dicky Fudge Packer factor (SUBTRACT) = 46.0% (This could go way way way down in our favor under President Pinera)
Tonnes LCE production capability per year = 25,000 Tonnes (Salar is so deep that we could easily go 80,000 tonnes if allowed without missing a beat)
Mine gross revenue per year = $231,000,000

Operating Expenses per Tonne itemized
Chemicals & reagents $1,615
Salt Removal $244
Energy $183
Manpower $274
Employee services $305
Maintenance $122
Transport & sales $183
G&A $122
Operating Expense per tonne $3,050 = ($76,250,000)
Maintenance per year. See above. = $0
Depreciate Capex of US$257M over 26 years = ($9,885,000)
Revenue after expenses ST = $144,865,000
National Royalty 3% = ($4,346,000)
Local royalties / community payment / Tax 21% = ($30,422,000)
EBITA = $110,097,000
Estimated Income 70% of EBITA 70% = $77,068,000

LPI income per year__17.7% = $13,641,000
MSB income per year 17.7% = $13,641,000
Fulin income per year 46.9% = $36,145,000
LIEG income per year 17.7% = $13,641,000
_________________100.0%__$77,068,000

Value of LIEG at Cap Rate 7.0% = $195,000,000

Number of LIEG shares = 556,124,331
Projected value of LIEG share March 2019 = $0.350 PPS

Interest Rate = 5.0%
Nper. Number of months in study = 14
Minimum appreciation per month per share 6.5% = $0.023 /mon/share
Future Value 2019 = $0.350 PPS
Type (payment at beginning) = 1
Value of LIEG share December 2017 = $0.058 PPS

The Doctor

PS, it's all not that complicated actually... anyway I think you all knew subconsciously a year ago we were fast headed into this possible arrangement given the increasing air pollution in Delhi India, Moscow, and Beijing China threatening thousands of human lives every single day now.

[Dr_Vonschellan]

We'll be Fulin around_this_weekend. Good_luck_to_Sebastian_Pinera_Sunday.

The Doctor

[Dr_Vonschellan]

To all those who had auto-execute_sell_stop-loss_orders_ticked_under_$.019pps
Ha-ha-ha-ha
And Thanks again for your continued cooperation on this matter of renewed interest.

The Doctor

[Dr_Vonschellan]

Tesla Electric semi trucks, huge_lithium_battery_packs.
Yesterday Elon Muck showed us the future for electric semi trucks and it was simply breathtaking click here

Elon Musk is planning for a 500 mile range on these behemoth trucks. If the lithium-ion battery system generates 240 watt-hours per kilogram at the cell-level, then Tesla will need a 12 Tonne battery pushing out 1,000kWh. If the battery per kWh cost is $100 then the battery pack will cost $100,000.

In a perfect ideal world each kWh of power requires 80g of Lithium metal per kWh which translates into 425g of LCE (Lithium Carbonate Equivalent) to produce one kWh in a sterile clean HEPA-filtered testing laboratory. However, after you factor in cycling loss, the lithium purity of technical grade Li2CO3 incorporated into a low-sodium battery grade material with a real world yield of 70% it turns out you would actually need more like 3kgs of LCE to start with for each kWh of required power output.

A proposed Tesla 12-Tonne 1,000kWh battery could then require 3,000kgs or 3.0MT of LCE for manufacturing operations. FYI, 3.0MT at the bargain price of $12,000/MT would cost Elon $36,000 today, but we all know this is going to jump to at least $14,000/MT in 2018.

If our Maricunga NewCo JV produces at the bare minimum for export 25,000MT of LCE per year then we could supply Elon with enough LCE to make (25,000/3) = 8,333 electric semi trucks per year... or a similar number of Fulin Yema electric trucks in China we keep Fulin around.

The Doctor

PS, LPI got some good PR today in Mining Weekly Click Here

[Dr_Vonschellan]

So Doc forgive me for asking a stupid question...

Caj025,
The exchange totes out as follows (eg 11:30AM today):
34.76 LIEG shares at $.0284pps_____________ = $.987
1 BRGRF share at $.686___________________= ($.686)
Cash payable to LIEG shareholder to reach parity = $.30/exchange

16,000,000 BRGRF shares x $.30/exchange = $4,800,000 cash payable (prorata) to all LIEG shareholders which includes Uncle Posco.

If Bearing can find this additional $4,800,000 green cash to pay LIEG shareholders in order to reach "parity" (which the SEC will be watching like a hawk) before December 31, 2017 then the Merger-Day/Exchange-Day could take place without a huge class-action lawsuit I would think.

But if for example LIEG should jump to $.0568 on November 20 while BRGRF stays in the toilet at $.686 then Bearing would need to cough up $20,600,000 instead to satisfy their on paper debt to LIEG shareholders to reach parity which could prove to be a huge stretch for them.
34.76 LIEG shares at $.0568pps_____________ = $1.98
1 BRGRF share at $.686___________________= ($.686)
Cash payable to LIEG shareholder to reach parity = $1.29/exchange

16,000,000 BRGRF shares x $1.29/exchange = $20,600,000 cash payable (prorata) to all LIEG shareholders which includes Uncle Posco.

Some people could buy BRGRF shares today, but personally I would just stick with buying LIEG shares until we actually know if Bearing shareholders are going to even vote yes for the merger. In theory this question needs to be answered by December 31, 2017 or we could put Beering in violation of the agreement and scoop up all the seed money they put into the partnership thus far... which is my most fondest hope. Yesterday our group added more LIEG shares to our portfolio now that Fulin is in the picture. We would have done the same if RioTinto or SinoChem had made a similar move on MSB (Martin Borda).

The Doctor

[caj025]

So Doc forgive me for asking a stupid question but are we still going to get the reverse split mugging from bearing? It been awhile since I've been on the board..

[Dr_Vonschellan]

Bringing up the rear Bearing_confirms_they_are_Fulin_around_too
https://www.reuters.com/article/brief-bearing-confirms-chinese-industria/brief-bearing-confirms-chinese-industrial-group-interest-in-maricunga-project-idUSFWN1NN0MO

Good. Now we know everyone that actually matters firsthand to us is "properly" Fulin around.
I'm impressed, this all seems quite well organized and extremely timely given the November 19 election.

Happy Days are here again.

The Doctor

[Dr_Vonschellan]

LPI easily recovers 14%_to_AU$.65pps... yes,_they_are_indeed_Fulin_around
http://www.asx.com.au/asxpdf/20171117/pdf/43pb6fpjh1jbd0.pdf
We already know JV partner MSB is Fulin around click here, so the BIG question today for us then... is LIEG Fulin around also? But I think we already know the answer to that question, wink wink.

The Doctor

[Dr_Vonschellan]

Surprise! Surprise! Fulin Group_next_makes_contact_with_LPI_Nov_17

November 15 the Fulin Group opens negotiations/touchy-feelies/contacts with Martin Borda at MSB Click here.

November 17 the Fulin Group opens negotiations/touchy-feelies/contacts with Martin Holland at LPI Click here.

Now you fellow mushrooms-in-the-dark LIEG shareholders certainly can't be so naive to believe that the Fulin Group hasn't already opened negotiations/touchy-feelies/contacts with LIEG also... can you? But for some strange reason it almost appears Jeremy Poirier and Luis Saenz don't want to tell us about it (like LPI did)... or maybe they simply just forgot to tell us wetback slimy peasant LIEG investors about it? Is that even possible?

Why would this be kept a secret from us shareholders at LIEG? I am sure it is not still a secret in order to let some lazy buddy-buddy wink-wink Canadians buy into LIEG before all hell breaks loose on Friday (or Monday November 20 after the election for the feint-of-heart 'fraidy cat investors)... is it?

The Doctor

PS, I ordered a new jet black Ferrari Portofino with the V8 on Thursday. Ahhhhhh

[Dr_Vonschellan]

Tesla entering trucking business with new electric semi
http://abcnews.go.com/Technology/wireStory/tesla-enter-trucking-business-electric-semi-51202931

This new Tesla undertaking is going to take some major majorly lithium batteries... but then again, this is progress. Each new electric semi truck produced is one less diesel truck polluting/smogging-up our roads. And you can bet India or Beijing would especially welcome some electric semi trucks Click here.

The Doctor

[Dr_Vonschellan]

Of course Rio Tinto is_playing_peeky_boo_looky_looky
if Rio Tinto retracts their offer and doesn't buy into SQM then they at least want to have seen "The Top Secret SQM Books" under a non-disclosure agreement in order to know what value SQM puts on the nearby lithium privately-owned properties they (SQM) don't own yet... duh. Click here.

The Doctor

PS, gulp... does that mean WE are "the nearby lithium properties they (SQM) don't own yet"?
Yikes, nearby lithium properties is us!

[Dr_Vonschellan]

LPI drops 14% to_AU$.57_today_from_AU$.65_on_November_14

I am thinking those Ozzies are now wishing they would have tied up that last 13.8% of the project in 2017 instead of dragging it out until 2018 to give them a full 50% in Maricunga NewCo JV instead of the current 36.2% they have now which makes them NOT the majority partner they were bragging about being.

Those Ozzies are probably getting antsy that Martin Borda might sell (for huge profit) his 32.3% MSB share plus maybe that outstanding 13.8% to China's Sichuan Fulin Industrial Group Click here I am worst case scenario (for those blimey blokes down-under) guessing.

Click here for Spanish update
Click here for Spanglish update

Ahhhh well, when you snooze you lose.

The Doctor

PS, hmmmmm, technically we (LIEG) own a portion of that outstanding 13.8% chunk also. Soooo, Mo' Money for us I would think!

[Dr_Vonschellan]

LIEG Shareholders! Order your new Ferrari rápido
Forget Ganfeng
Forget SinoChem
Forget Rio Tinto
Forget my projection of $.09pps for LIEG on November 20 after the election.
We'll be headed to the full $.33pps El Pronto amigos Click Here for refresher.

The Chinese buyer in Salar de Maricunga is China Sichuan Fulin Industrial Group Click Here then hit the English button.

Martin Borda we love you!
Click Here for full update in Spanish
Click Here for full update in Spanglish

The Doctor

[Dr_Vonschellan]

Don't cry for me, Argentina
The truth is, I never left you
All through my wild days, my mad existence
I kept my promise
Don't keep your distance... Click here for the music video.

This iconic song probably has nothing to do with today's warning on Argentina's new increasing Macri lithium dominance over Chile in the Santiago Times, but I always remember this sad, haunting, uplifting melody whenever I think of Argentina. Click Here for the Santiago Times article lamenting Chile's fall from lithium preeminence under the Centrist Lefties, Michelle Bachelet and her daft useless jabberwocky mining minister Aurora Williams.

The Doctor

[Dr_Vonschellan]

Dear President Pinera, the Centrist Lefties have_already_pushed_SQM
out of Chile and over to Australia to build their new lithium refinery under a JV with Kidman Resources on the Mt Holland lithium project near Southern Cross. Now Albemarle wants to bail on Chile and build a new lithium hydroxide plant in Western Australia which could easily be another $1 billion investment Chile would lose once more to the Aussies. Click here.

I know you have a lot of screw-ups in Chile made under the Lefties rule from the last 8 years to repair, but I do hope you can initially encourage Albemarle not to ignore/abandon Chile and SQM to reconsider Chile for its next major investment over Australia. There are some serious major investment dollars and good jobs leaving Chile for Australia owing to the stupidest short-sighted reasons (and bombastic emotions) doled out under soon-to-be Ex President Michelle Bachelet.

The Doctor

[Dr_Vonschellan]

Our future rides on Martin Borda's_shoulders... and_that's_our_fate_from_now_on.
Martin Borda is the father of OUR project in Chile, He is OUR very-quiet, very-suave, very-low-profile, Superman-in-Chile doing the real paper/political/regulatory legwork for us in Chile.

At this juncture, I think it is safe to assume that Martin has enthusiastically supported presidential candidate Sebastian Pinera, and
Codelco has enthusiastically supported whatever Centrist Leftie (or Communista) presidential candidate is running against Pinera.

Codelco (the anti-hero in this story under the Centrist Lefties in power until March 2018) attempting to get the upper hand is contemplating whether to legally oppose/challenge Martin Borda's application to CChEN (Chilean Commission of Nuclear energy) and has petition CChEN to see Martin Borda's private application which was summarily denied (by the Bud Lite version Communistas) but apparently not fully killed through some strange bureaucratic quirk on October 20. In the November 14, 2017 news articles detailing this competitor's grab for key information on our project's potential please note the Spanglish reference to "White Salt Mining" is the inferior English translation of MSB, our long-time JV partner in Chile.
Click Here for Spanish
Click Here for Spanglish

Codelco claims to have 10 lithium miner suitors prepared to bid/lease/do-a-JV on their property in the Maricunga Salar region adjacent to our NewCo JV property of which we hands-down own the most premium section with the highest (and deepest) concentration of lithium. Note we are at the north end of the Maricunga Salar. The Nevado Tres Cruces National Park at the south end of Salar Maricunga sits inside the Codelco property and it is safe to assume there is lithium under this national park. This lithium I would bet cannot be extracted vertically up from the ground since the park "surface" would be damaged and enrage all the environmentalist tree-huggers for hundreds of miles in any direction. If that lithium "leaked" sideways horizontally into the Codelco property Codelco could argue that the laws of gravity are simply "doing their thing". My guess is that Codelco is however sheepishly banking on deftly incorporating that lithium from under the National Park to "enhance" their PowerPoint presentation total lithium tonnage estimate being pitched to these 10 wannabe lithium miners (mostly Chinese) but they need these gullible 10 miners to pre-sign a LIP (Leave in Place) agreement plus buy/control an additional 2200 hectares as a buffer to insure the integrity of the LIP for future generations of whiny environmentalist tree-huggers. You will recall last summer when Codelco demanded that Martin Borda pre-sign to acquire these 2200 hectares and Martin shrewdly told Codelco to go shove it.. hence we are not one of the 10 Wannabe Lithium Miner Suitors on today's list, tsk, tsk.

It could very well be Codelco knows that to make their Maricunga Salar property attractive to one of their 10 lithium mining suitors (including their bean counters) Codelco needs our Maricunga Salar JV property in order to have at face value on paper a horizontal land mass great enough to support the lithium tonnage they are trying to "sell" which oops-a-daisy/secretly/clandestinely includes the "leakage" out of the protected national park to give the illusion that the land outside the park is the only contributor to the total tonnage by employing a myriad of smoke & mirror fudged calculations/charts/slick-videos/graphs.

This 800-lb gorilla-in-the-room conundrum for Codelco is highlighted in the last paragraph on page 6 of 7 of the Sprott Capital Partners report November 10, 2017 report Click here.

To say the Maricunga NewCo JV has Codelco by the short hairs and that Martin Borda virtually controls the basic upcoming/maturing Codelco Salar de Maricunga deal is an understatement... Martin is completely in the driver's seat. And correspondingly therefore, you (the LIEG JV partner of Martin Borda) are in the driver's seat.

The Doctor

[Dr_Vonschellan]

Chilean miners bank on_election_favorite_to_ditch_reforms
Click Here Note you will only be able to click once on this URL before the nag screens start.

And I will bet Lithium comes off the strategic nuclear-related materials list under Sebastian Pinera within a year if not sooner. Pinera does not want to give up Chile's lithium crown to Argentina which is pro-growth, pro free-enterprise and charging ahead on lithium mining/export under the dynamic President Mauricio Macri.

The Doctor

[Dr_Vonschellan]

6 more days... and it's_a_new_ballgame

The Doctor

[Dr_Vonschellan]

Bloomberg_today: Chile Businesses Await_Return_of_Billionaire_With_Midas_Touch
https://www.bloomberg.com/news/articles/2017-11-13/chile-businesses-await-return-of-billionaire-with-midas-touch

Six more days... then lift off.

The Doctor

[Dr_Vonschellan]

LPI's moneyman Sprott Capital reports_we_are_a_$1Billion_project
Months ago I discussed Sprott Capital Partners being involved on this project in helping to raise money for 36.2% partner LPI. It appears and it may indeed be that Sprott is LPI's most trusted financial advisor today. Sprott Capital's latest analysis dated November 10, 2017 (click here for the report) definitely appears spot on in its evaluation of the project and forecast of the full potential we will be able to enjoy if Sebastian Pinera is elected the new president of Chile on November 19.

In the October 24 post on iHub which was a tongue-in-cheek backdoor pitch to SinoChem to buy into LIEG at the very minimum or to buy the entire project for $1,030,000,000 based on a 7% cap rate effective through Q2 2019 which would probably be a good revised pitch to make to Rio Tinto now that they are a lithium "player" in Chile. Click here for iHub post
I calculated that this project was a 26 year project and indeed worth $1,030,000,000 based on a typical year full-operation income
_______________________________________________CapRate__Company Value
LPI income per year 50.0% = $35,991,000________________7.0%__$514,157,143
Minera Salar Blanco income per year 32.3% = $23,250,000___7.0%__$332,142,857
LIEG income per year 17.7% = $12,741,000_______________7.0%__$182,014,286
_______________________________________________________$1,028,314,286

Sprott Capital in their November 10, 2017 reports confirms we are indeed a $1,000,000,000 project in paragraph 1 in the discussion on DCF (Discounted Cash Flow) valuation. Sprott on page 5 last paragraph confirms this is a 27-year project which is in line with my established variable in the Excel spreadsheet that this is a 26 year LOM (Life Of Mine) project.

The Sprott Capital report is a decent update on the project and I encourage all LIEG shareholders to read it.

If it turns out that Bearing cannot raise the cash to make/pay the parity adjustment (payable to us) to facilitate the 34.76 shares of LIEG for one BRGRF share on Merger Day Exchange Day which I would estimate to be approximately $4,500,000 prior November 19 and near $17,000,000 after November 19 then the prophylactic Vancouver membrane which separates LIEG from LPI is going to dissolve I will predict as that $17M ideally payable before December 31, 2017 is going to be a bridge-too-far for the Canadians assuming BRGRF stays in the toilet around $.66 to $.78pps. If that prophylactic Vancouver membrane is removed then we will be and must remain keenly focused on what Sprott Capital tells the world (ie the Lithium Investment Community) about LPI and the Maricunga NewCo JV since Sprott seems to now be elevated to a new level of Macro-Vision High Priest in this slowly-getting-bigger Maricunga Rodeo.

The Doctor