LPD - Lepidico Ltd

[debtfree]

I'm taking LPD again in the Monthly Tipping Comp for November. The chart shows it's still trending upwards and I'm not expecting too much but it would be nice if it can have another positive month.

 

[debtfree]

Well it's off to a good start taking out Jan 2021 High of 0.037. Now, will it take out Apr 2019 high of 0.042, time will tell. Weekly view below to show previous highs.

 

[Dona Ferentes]

I'm taking LPD again in the Monthly Tipping Comp for November. The chart shows it's still trending upwards and I'm not expecting too much but it would be nice if it can have another positive month.

So, who's modest?

LEPIDICO LTD​

ASX: LPD Share: Materials

Last Price (AUD) $0.047
Today's Change Up $0.006 (14.63%)

 

[debtfree]

So, who's modest?

LEPIDICO LTD​

ASX: LPD Share: Materials

Last Price (AUD) $0.047
Today's Change Up $0.006 (14.63%)

Thanks for the price update Dona, that's great news. I was missing in action yesterday so no comp chart and have aircon guys in this morning making a mess.

 

[frugal.rock]

I'm in awe of your stock pick for this month @debtfree
It's been brutally relentless and seems to have become a market darling...?
Not held...dang it.

 

[debtfree]

I'm hoping it can copy Nov 2017 @frugal.rock, that way nobody will catch me , especially @MovingAverage .
The prize money will buy a bottle of bourbon and some scotch fillets, that'll prick up @barney's ears don't you think?

 

[barney]

I'm hoping it can copy Nov 2017 @frugal.rock, that way nobody will catch me , especially @MovingAverage .
The prize money will buy a bottle of bourbon and some scotch fillets, that'll prick up @barney's ears don't you think?

Damn. I used to own a few of these many moons back.

Anyway, I'm glad its running for you in the Comp Mr @debtfree

Scotch fillet and bourbon eh? Hasn't been a lot of that of late (more ham and chicken processed roll and cheap vodka, lol)

Anyway, I did buy a few more IBX a couple of days ago and that covered some of my recent failures after today's jump

 

[debtfree]

Update

 

[Wedgy]

Posting for Feb tipping comp - Has taken a bit of a dive and now a good time to buy on the dip. Why, from the recent quarterly activities report:

Key Points
Development
• Front End Engineering and Design (FEED) work for the Karibib concentrator completed in January and is now under review by Lepidico
• Phase 1 chemical plant design improvements identified from Demonstration Plant leach trials will enhance operating performance and reduce risk; improvements now being integrated into FEED workstream
• Chemical plant geotechnical site evaluation works started at the Khalifa Industrial Zone Abu Dhabi (KIZAD) to support foundation and footing designs
• Discussions commenced to source green hydrogen from a new facility planned to be built at KIZAD, which would materially reduce Scope 1 & 2 greenhouse gas emissions for the integrated Phase 1 operations from the already relatively modest levels, to be best-in-class at 3t CO2-e/t LCE
• Pilot plant upgraded to a Demonstration facility operating at over 30kg/hr; L-Max® leach trial completed successfully with excellent performance indicated from modified filters
• Demonstration Plant LOH-Max® circuit under construction for operation in February 2022
• Drilling resumed at Karibib with the objective of expanding the Mineral Resource base
Products & Marketing
• Binding offtake agreement signed with Traxys for 100% of annual lithium hydroxide production (c.5,000tpa) from Phase 1 for seven years
• Agreement includes Traxys acting as agent for caesium sulphate solution (c.400tpa), with scope to be expanded to other products by mutual agreement
• Majority of product volumes expected to be sold on a back-to-back contract basis with the balance linked to a market price index; Traxys’ net commission is competitive with industry norms
• Binding offtake deals for caesium output from Phase 1 are targeted before the end of April 2022 in order to secure debt finance commitments mid-year
• Strong demand seen for Phase 1 Sulphate of Potash (SOP) with Letters of Intent (LOI) received for c.150% of annual production from two consumers, with further LOIs expected this quarter
Corporate and Finance
• Well-funded with cash and equivalents as at 31 December 2021 of $10.4 million and no debt
• Existing Acuity Controlled Placement Facility extended to 31 January 2024
• Independent Technical Report completed by BDA and provided to U.S. International Development Finance Corp. (DFC) with no fatal flaws noted; legal due diligence to start February 2022

 

[frugal.rock]

I think they think I'm a muppet...
Headline somewhat incongruous with first & second paragraphs.
(Development actually about where I expected it to be... having had near 30 years experience at that kind of thing. ?)
Held. Long term investment.

 

[Dona Ferentes]

Near-term drivers/catalysts

• Chemical plant control estimate on track for August 2022; concentrator FEED complete
• Binding lithium and caesium offtakes with consumers targeted for July-September 2022
• Debt commitments to support a Final Investment Decision for Phase 1 targeted for September 2022
• Strategic partner process to complete September 2022 quarter
• Phase 2 concentrator expansion assessment August 2022
• Phase 2 Mineral Resource expansion program targeting high-grade additions at Helikon2-5, Homestead & regional targets

• Cash at 30 June 2022 $8.0 million & no debt

 

[frugal.rock]

23 September 2022

Helikon 4 shaping up to materially extend Phase 1 life with revised Project economics scheduled for November

• Further impressive drill results from Helikon 4 that include
34.8 m @ 1.25% Li2O, from 22 m that extend the zone of mineralisation down dip and along strike to the east; extensional drilling to continue

• Update Measured & Indicated Mineral Resource estimates planned for October with the objective of extending Phase 1 operating life to 20 years

• New mine plan to complement chemical plant FEED, which is now
scheduled to complete in November once procurement optimisation and design refinements are complete

3 year chart

3 month chart

Seemingly a decent amount of announcements before the end of year.
Was a little surprised to see this retreat so vigorously to near the $0.02 level !

Looking forward to the update MRE due this month.

 

[frugal.rock]

Can anyone suggest what they might do if they had received 20,000 tradeable rights ?
It's all a bit mumbo jumbo to me and not the simple side of the market that I enjoy.


10 October 2022
Renounceable Entitlements Offer to Fund Phase 1 Development and Growth Opportunities

Highlights
• 1 for 10 renounceable rights issue to raise up to $11.7 million, partially underwritten to $4.0 million
• Attractively priced at 1.8 cents per share
• Discount of 18% to the previous closing price and 31% to the 20 day volume weighted share price
• With every two new shares, shareholders will receive one free attaching option
• New options will be listed, have an exercise price of 3.0 cents and a two year term
• Shareholders can trade their rights and apply for additional shares and options
• Rights to start trading from 12 October 2022
• Eligible Directors intend to participate in the Offer
• Funds will be used to complete both Phase 1 Project Front End Engineering & Design and lender due diligence, and to start critical path Stage 2 EPCM works for both the concentrator and chemical plant
• Lepidico’s near term strategic imperatives are to extend Project life to over 20 years, complete FEED works to allow lenders to finalise their due diligence and secure a full funding solution to transition Phase 1 into construction, thereby positioning it as an early mover for this lithium price cycle Lepidico Ltd (ASX:LPD) (“Lepidico” or “Company”) is pleased to announce a pro-rata Renounceable Entitlements Offer of fully paid ordinary shares in the capital of the Company (New Shares) on the basis of one (1) New Share for every ten (10) existing shares held at the record date of 13 October 2022 (Record Date) with 1 for 2 free attaching option (New Options).

Shares under the Entitlements Offer will be issued at $0.018 per New Share. The maximum number of New Shares which will be issued under the Entitlements Offer is 650,719,123 to raise up to approximately $11,712,945 (before expenses, based on the current capital structure of the Company).
New Options will have an exercise price of 3.0 cents, a term of two years and will be listed.

Under the Rights Issue timetable, rights trading will end on 21 October 2022.

 

[KevinBB]

Can anyone suggest what they might do if they had received 20,000 tradeable rights ?
It's all a bit mumbo jumbo to me and not the simple side of the market that I enjoy.


10 October 2022
Renounceable Entitlements Offer to Fund Phase 1 Development and Growth Opportunities

Highlights
• 1 for 10 renounceable rights issue to raise up to $11.7 million, partially underwritten to $4.0 million
• Attractively priced at 1.8 cents per share
• Discount of 18% to the previous closing price and 31% to the 20 day volume weighted share price
• With every two new shares, shareholders will receive one free attaching option
• New options will be listed, have an exercise price of 3.0 cents and a two year term
• Shareholders can trade their rights and apply for additional shares and options
• Rights to start trading from 12 October 2022
• Eligible Directors intend to participate in the Offer
• Funds will be used to complete both Phase 1 Project Front End Engineering & Design and lender due diligence, and to start critical path Stage 2 EPCM works for both the concentrator and chemical plant
• Lepidico’s near term strategic imperatives are to extend Project life to over 20 years, complete FEED works to allow lenders to finalise their due diligence and secure a full funding solution to transition Phase 1 into construction, thereby positioning it as an early mover for this lithium price cycle Lepidico Ltd (ASX:LPD) (“Lepidico” or “Company”) is pleased to announce a pro-rata Renounceable Entitlements Offer of fully paid ordinary shares in the capital of the Company (New Shares) on the basis of one (1) New Share for every ten (10) existing shares held at the record date of 13 October 2022 (Record Date) with 1 for 2 free attaching option (New Options).

Shares under the Entitlements Offer will be issued at $0.018 per New Share. The maximum number of New Shares which will be issued under the Entitlements Offer is 650,719,123 to raise up to approximately $11,712,945 (before expenses, based on the current capital structure of the Company).
New Options will have an exercise price of 3.0 cents, a term of two years and will be listed.

Under the Rights Issue timetable, rights trading will end on 21 October 2022.

You can buy up to 20k shares at $0.018 each = $360.00. Pay by BPay on the form you should (or have already) receive.

You have the option of applying for extra shares, in $ lots nominated on the form. Just add this amount, if you wish to do so, to the $360 you will pay by BPay.

If you wish to take up the offer, you have until 28 October WA time to make the payment.

Personally, I'd steer clear of trying to trade them on the market. Brokerage costs will far outweigh the benefit of doing this.

KH

 

[frugal.rock]

Thanks Mr Kev.

So if I wasn't going to take up the offer, I could sell them?

Brokerage is $9.50, but I wouldn't think I could sell as it's not at least $500 worth or a "marketable parcel" .

I guess $10.50 profit is better than nothing... ? (assuming I sold now...)

 

[KevinBB]

Thanks Mr Kev.

So if I wasn't going to take up the offer, I could sell them?

Brokerage is $9.50, but I wouldn't think I could sell as it's not at least $500 worth or a "marketable parcel" .

I guess $10.50 profit is better than nothing... ? (assuming I sold now...)

Not sure of the rules, but I don't think the $500 minimum applies if you are selling 100% of that particular holding.

Me? I'm just going to pay up for my options.

KH

 

[Dona Ferentes]

will this be enough to revive LPD? But there is a demand for more capital looming ... as stated in pt 3:

1. Strategic Metallurgy has completed pilot trial reports on both lithium hydroxide refining and by-product manufacture that confirm Phase 1 design parameters and battery grade lithium hydroxide can be recovered using LOH-Max®
2. Third-party crystalliser vendor test-work advise; lithium hydroxide “crystals produced are much more pure than that produce from the sodium sulfate route”
3. Independent Engineer review of final pilot trial reports underway; completion of this technical due diligence is a key gating item for securing Phase 1 Project debt
4. By-product pilot trials result in, “excellent separation of potassium sulfate from impurities” & “high recovery of Caesium” .

 

[brerwallabi]

The large volume increase in this arose my attention and I decided to purchase, looking at a quick gain so it won’t be a long term hold.
The action might all be over next week and I might be out with a profit.
On the hand something may be happening which might take the share price to double or more of what it Is now.
Some news might have leaked and June maybe a recovery month, with a base established at $0.009 I don’t think I will lose much if it’s just a pump and dump.
Hopefully it doesn’t take off to soon and can wait to the 1st of June.

 

[Dona Ferentes]

Wot Lepidico doing?

Lepidico Ltd (ASX:LPD) provides the following update.

On 31 May 2023 (Australian time), the Company learned that, without any attempt to commercially resolve the matter amicably, Jiangxi Jinhui Lithium Co., Ltd (Jinhui), a private Chinese corporation has filed a Notice of Arbitration under the Arbitration Rules of the Singapore International Arbitration Centre.

The Notice is in connection with the offtake agreement between Desert Lion Energy (Pty) Ltd (subsequently renamed Lepidico Chemicals Namibia (Pty) Ltd) and Jinhui dated 6 November 2017 and later amended on 13 February 2018 which provided for the sale of material located in the stockpile at the Karibib project in Namibia and expired on 16 November 2022 (the Offtake Agreement). The Notice includes a claim in the sum of US$4,563,149.76 being the payment received from Jinhui in accordance with the Offtake Agreement.

The Company believes that the arbitration is without merit. The Company has retained Canadian and Namibian litigation counsel to vigorously defend itself and is contemplating counterclaims against Jinhui.

 

[brerwallabi]

Wot Lepidico doing?

Lepidico Ltd (ASX:LPD) provides the following update.

On 31 May 2023 (Australian time), the Company learned that, without any attempt to commercially resolve the matter amicably, Jiangxi Jinhui Lithium Co., Ltd (Jinhui), a private Chinese corporation has filed a Notice of Arbitration under the Arbitration Rules of the Singapore International Arbitration Centre.

The Notice is in connection with the offtake agreement between Desert Lion Energy (Pty) Ltd (subsequently renamed Lepidico Chemicals Namibia (Pty) Ltd) and Jinhui dated 6 November 2017 and later amended on 13 February 2018 which provided for the sale of material located in the stockpile at the Karibib project in Namibia and expired on 16 November 2022 (the Offtake Agreement). The Notice includes a claim in the sum of US$4,563,149.76 being the payment received from Jinhui in accordance with the Offtake Agreement.

The Company believes that the arbitration is without merit. The Company has retained Canadian and Namibian litigation counsel to vigorously defend itself and is contemplating counterclaims against Jinhui.

Well that came out of woodwork.
Obviously they waited till I made a purchase.
Not sure what it all means, the company needs to make another statement.
They had plenty of cash in the quarterly but it tends to go quick.
If the stockpile is there why not ship it and make it go away, there must be a lot more to this then meets the eye.