LI3 Energy Inc (fka LIEG)

[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.

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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!