LI3 Energy Inc (fka LIEG)

[Dr_Vonschellan]

LPI issues the_August_9, 2017 IRR_(Independent_Research_Report).

There are a significant number number of new developments which we LIEG shareholders should bring ourselves up to date on with the first and foremost item being LPI's very astute political observation as succinctly detailed in one paragraph on page 10 of the IRR Click Here.
This paragraph from the IRR reads as follows:
Political and business:
Presidential elections will be held in November this year, with the right of centre Sebastián Piñera expected to be elected, following on from the four year term of Michelle Bachelot, a member of the Socialist Party of Chile - the Chilean Constitution forbids Presidents from seeking immediate re-election following their four year term however may stand at a later date - Sebastián Piñera was previously President from 2010 from 2014, with Michelle Bachelot serving two terms, the first from 2006 to 2010 and the second from 2014 to present. The feeling in Chile is that, should he be elected, Sebastián Piñera will be positive for business and investor confidence, with Piñera running on a pro-business platform. Business confidence has fallen under Bachelot’s watch (as has her popularity) due to tax and labour reforms (including strengthening union power), however the low copper price hasn’t helped either. We are seeing confidence starting to increase in anticipation of the expected election result. A key risk here however would, unlikely that it may be, if radical left wing congressman Alejandro Guiller gets elected - he reportedly is considered the strongest rival to Sebastián Piñera.

As we at LIEG (currently sailing on the ocean in circles rudderless) know all too well our cobbled-together coven of testicle-less board of directors in Vancouver Canada which includes our two turncoats has never addressed the political situation in the Banana Republic of Chile to offer us any political insights/guidance here-to-date so it is with much respect and great admiration that I applaud LPI's inclusion of this simple and indirect formal statement in the newest version of the IRR better explaining OUR risk in this regard.

The Doctor