LI3 Energy Inc (fka LIEG)

[Dr_Vonschellan]

6 days left to Vote NO on Reverse-Split/Mugging.
Your 34.76 shares of LIEG at $.0267 on the 4PM closing are worth $.92
One share of BRGRF is worth $.66 (down 2%), it will probably sink to $.56pps on Monday.

If the Reverse-Split/Mugging had taken place today at 4PM you would have immediately lost $.26 on this basic 34.76 share block if BRGRF decides one day (within a 4 month window) they can't match PAR. To reach Parity Bearing needs to find 556,124,331/34.76 X $.26 = $4,160,000 within the first 4 moths after the merger.
Can they do it if LPI continues to withhold the NewCoJV final payment $9,520,000 on the land until Sept 2018?

Before the merger you as an original LIEG shareholder could derive appreciation from 17.7% of the Maricunga NewCo JV.
After the_merger you as a legacy LIEG shareholder can derive appreciation from only 07.4% of the Maricunga NewCo JV.

After the merger the NewCo JV would shake out like this assuming a YES Vote:
LPI 32.5% now... maybe 50.0% next September 2018 (Australian Company)
MSB 32.3% (Chilean company)
BRZ 10.3% (Canadian Company)
BRGRF 7.4% (American Company) see page 30 para 4 Click_Here

Us Legacy LIEG shareholders would be in BRGRF... not BRZ.

The Doctor

PS, VOTE NO