Bearing Lithium Corp. (fka BLILF)

[Dr_Vonschellan]

I_RESIGN from_PLAN-A involving_Codelco. Plan-A was/is/will-be an_ongoing SCAM
solely and willfully designed/implemented to keep ONLY 2 lithium companies operating under the fascists in all of Chile and our management continuing to collect their salaries for doing nothing (and of course never telling us the truth about anything) all the while moving the “goal posts” back further every 30-60 days or so until we are completely out-of-cash and they finally get around to resigning from their jobs for “personal reasons” to eventually start this scam up somewhere else on some new sucker who has a decent bank account to support their cushy lifestyles.

Dear LPI-HotCopperites, please now give us shareholders at Bearing the answers to the questions on your list. Here is a handy reprint of the questions you took to your AGM today:
1. Skip.
2. Skip.
3. When will we have a FIRM signed JV contract with Codelco? Contact Codelco VP Alejandro Rivera 562 26903000
4. How much LCE export quota will Codelco contribute to the MsBodelco JV (aka NewCo JV) partnership? 10,000mtpa? 12,000mtpa? 16,250mtpa? FYI, 325,000mt/20years = 16,250mtpa
5. Who exactly is going to provide the $563,000,000 CAPEX to build this project?
6. What is the project construction start date? Or, start week? Or, start month? Or, start year?
7. What is the production mining start date? Or, start week? Or, start month? Or, start year?
8. Are there any signed Off-Take Lithium purchase agreement(s) or even pending Off-Takes?
9. What percent of MSB-SpA will WE have to trade (aka surrender) to the Codelco/State? 25%? 33%? 49%? 50%? 51%?

End of questions for LPI Board Members pre-written out in clear Queen’s English nearly a month ago and hand-delivered to LPI-HotCopper at no charge.

Begin
And now on to the “same old same old” new reality we all face today Wednesday November 25, 2020 AD… in Chile… up Sheets Creek… with no paddle.
A. LPI-AGM opening statement
B. Latest “mined” glossy paper Microsoft PowerPoint brochure from LPI with lots of pretty pages and graphs full of sound and fury, signifying nothing, told by idiots… which you have seen 10 or 11 times before.
C. Final Results of the LPI AGM November 25 meeting. If during this Covid-19 pandemic lockdown you find yourself running out of toilet paper then this latest LPI publication will work fine for you in the bathroom.

From this day forward I vehemently will only support Plan-B which is to be focused on a SQM-Tesla-MSB JV and the firing of as many LPI Board members off parent company MSB-SpA as humanly possible starting with that useless limp incompetent unimaginative Crystalballs first. For all I care about Plan-A now, Codelco can go to hell.

As I knew it would be and predicted to you all on iHub in my thrice weekly (including my last/latest). 18-Month PROJECT SCHEDULES, the LPI AGM was going to be and indeed it was a complete waste of time accomplishing absolutely zero. Nothing positive or encouraging was announced. No real “trackable” firm deadlines like real upstanding truthful honorable men would establish in similar circumstances were set by these incompetent embarrassing Ozzie laggards during the AGM (Annual General Meeting).

I am immediately leaving this BLILF iHub message board and relinquishing it to the Codelco JV Plan-A supporters/pumpers/illusionists of the likes of LT-Investor also known to you all locally as Nomaddic1.

This embarrassing unprofessional bomb/flop of an AGM by LPI in Australia where hardworking inquisitive LPI/MSB-SpA shareholders were not even allowed to ask direct questions to the BOD was a sham and a disgrace to the name of forthright above-board honest Q&A/discussions. Gil correctly knew Tuesday this was going to be our sad sad fate this black Wednesday with these Ozzies overseas and so thus consequently followed his surprise “spontaneous” ploy to sell discounted shares to buddy insiders Tuesday before the AGM and the upcoming dive in our pps later today (LPI is down 5% Wednesday 4:00PM Sydney after the AGM) is unacceptable. If we are forced to swallow the Codelco JV Plan-A then yes the paltry limp warrant strike price of US$0.1725 in three years is nightmarishly accurately forecasted because we will be barely holding on to $0.22 pps under this inevitable cursed/doomed Codelco foot-dragging nightmare sure to still be DOA 3 long years from now. And as we have suffered this past 11 years… the insiders before anyone else will/must make a 25% profit regardless of what happens to/for us regular Bearing shareholders.

This letter is my last post on this BLILF message board. So Goodbye to the LIEG old timers who decide to stay here. I’m done on BLILF and I regrettably leave this board to our most recent invader/pumper/illusionist.

The Doctor

PS, all of you old-timers will know how to contact me (and/or anyone in our minority shareholder group) if you’re switching over to or researching Plan-B.

Linking up is the same as before just like we had after the First Great Reaming in 2018 we similarly all suffered together way back then.