Thanks Doc for the reply... Funact, The only way we at LIEG can resist the merger is if Uncle Posco changes its pre-vote from yes to NO... then when combined with a backlash of small LIEG investors voting NO this merger might indeed be sheet-canned.
One newly-developed huge factor now is that Tianqi is building an awe-inspiring $400,000,000 lithium processing plant in Kwinana, Western Australia Click Here.
As you know LPI has two large ever-expanding lithium mining operations in Australia. LPI (and our old partner MSB) could easily strike a deal with Tianqi to co-process (tolling) the LPI Australian-mined lithium into LCE or maybe even custom blend lithium hydroxide in the future right in Western Australia. Logistics hassle factors for LPI would overnight become only 25% that of dealing with "I-want-the-most-for-me" Banana Republic Chile with its myopic leftists demanding 35% blood money from Chilean lithium miners off the top. Plus in Australia you wouldn't have to deal with any local state-level parasite bureaucrats (who are surprisingly autonomous) here in Chile continually throwing red tape in your face and singing the manana song until they get their kickbacks... since Australia is part of the civilized "organized" world with rule-of-law 2 or 3 times more stronger/vibrant than anything in South America. Plus in Australia they use much less tear gas.
LPI possibly could get disgusted with this whole thing in Chile where hanger-ons (riding lazily in the back seat contributing nothing) are leaping on the bandwagon and LPI could next simply throw their well-worn dusty rugged manly hands up in the air with minimal losses. Without that $15.05M dowry payment from LPI, Beering would drop us like a hot potato.
Beering had one piddling assigned task to do in the last 7 months... bring some large private investment money or Institutional investor (from their cherished private black book) into the Maricunga deal. Can anyone anywhere name one new large private investor or Institutional investor who has invested in NewCo or our stock in the last 7 months?... no, that's what I thought. We (LIEG) are slowly dehydrating... and being systematically DILUTED.
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