LI3 Energy Inc (fka LIEG)

[Dr_Vonschellan]

Sooooo.... here's_the_plan_from_LPI as_best_I can decipher.
LPI got a bit more talkative this morning. Click Here for detailed April 6 announcement.
LPI has made a successful institutional placement of 31,580,000 shares generating AU$12,000,000 before costs. It appears Sprott Capital is now A (or maybe "the") "money player" in our collective future along with paid cheerleader EverBlu (cheerleading rah-rah report #1 Click Here) which we already knew. Apparently Sprott Capital is glory-glory hallelujah now "supporting further" LPI as they delve deeper into Maricunga Chile after that dead cat dud of a conference in Toronto a few weeks ago which we have all already long forgotten about.

Hooray the JORC-compliant lithium update report has a target release date for May 2017. But OK, we kinda knew that already.

LPI claims to be accelerating the next payment into the NewCo JV of US$5.5M and is now expecting the project timeline to shift 3-6 months forward. The reader should now reference to the Bearing Resources timeline on page 10 in the March 2017 Maricunga report.

This 3-6 month shift in the timeline is basically quite nebulous and impossible to define today. Is the completion of Phase 2 shifting 3-6 months forward? Or is Phase 3 completion date shifting 3-6 months forward which would then see the Financial Close and Pre-construction start in July 2018 instead of December 2018? The nine benchmark activities LPI is referencing to in the April 6 announcement all look to be nothing more than a regurgitation (albeit in a new flowery sexy dress) of benchmark activities you would expect (ie expected) in the Phase 1 timeline which were already supposed to be completed by March 31 a week ago. So what LPI obligations/responsibilities are getting this so-called new "fast-tracking" they are trying to sell us on believing today in this announcement? This "strange" new April 6 announcement just looks like a rehash of the Phase 1 obligations/responsibilities which we already know too well.

If LPI was "fast-tracking" something to impress us LIEG mushrooms then why aren't they talking about the Phase 2 obligations/responsibilities like who is building the Pilot Plant? In reality there is nothing more important for us LIEG/MSB shareholders to know at this critical point in time than this point. Also, I hate to appear dumb but is this US$5.5M payment (ie to the initial bankers) LPI is yammering on about simply the last portion of the initial US$6.95M payment which gives LPI a 26.4% share in NewCo Maricunga? Or is this US$5.5M payment LPI is yammering on about a nice-guy early partial payment on the US$15.05M Second Payment which when paid in full triggers LPI's 50% ownership in NewCo? In theory if the US$5.5M payment LPI is yammering on about is a fast track payment on the US$15.05M Second Payment so LPI could then brag they are simply becoming (or will become) a larger 34% partner in NewCo then no big whoop I say. But if this US$5.5M payment is just some fancy window-dressing method to say LPI is paying down on the the first US$6.95M bill then we are still sitting here with a LPI who owns no more today than 26.4% of NewCo and we have no idea what activities on the Timeline are really getting fast tracked 3 to 6 months.

If LPI wants to be helpful they should take Bearing Resources page 10 Timeline and detail exactly what activities or benchmarks are getting the hyped-up 3 to 6 month fast-track acceleration otherwise we would be better off going back to simply playing a card game of canasta and waiting for a real White Knight to ride into our LIEG/MSB future.

And make no mistake my friends... it is LIEG/MSB who quietly hold the reins to a future with a (or with some) White Knight in it.

The Doctor

PS, if BYD wants to talk to someone in Maricunga Chile about Lithium... then my bet it is going to be the larger LIEG/BRZ/MSB partner... not a minority 26.4% partner putting out Fluff PR alternate fact pieces full of Shakespearean wind & fury but nothing substantially more which only KellyAnne Conway or Sean Spicer could love.