Australian (ASX) Stock Market Forum

LPI - Lithium Power International

Jump to new
System

System

Joined
27 June 2010
Posts
4,147
Reactions
309
Lithium Power International is a pure-play lithium explorer whose business involves the acquisition and advancement of promising lithium projects. The Company is currently pursuing three projects across Australia and South America in order to provide an asset base which is diversified by both geography and deposit type.

It is anticipated that LPI will list on the ASX during June 2016.

http://www.lithiumpowerinternational.com
 
Lithium Power International hasn't seen any discussion since listing a couple of years ago I thought I'd just post a chart and a quick update.

LPI is developing the Maricunga Lithium Project in Chile in a joint venture with Minera Salar Blanco SpA and Bearings Inc. (51.35% LPI/30.98% Minera Blanco/17.67% Bearings Inc.). Here's a screenshot from a recent company presentation outlining developments during 2017 relating to the Maricunga Project.

screenshot-www.aspecthuntley.com.au-2018.07.09-13-00-53.png


The share price has seen an increase today after the company announced that its joint venture partner Minera Salar Blanco has agreed to end its legal proceedings against the Chilean Government related to the issuing of a Special Lithium Operation Contract covering its new mining coded concessions to an unrelated third-party. This has now removed some uncertainty and risk hanging over the JV and the share price has reacted predictably by heading north in response.

Watching LPI for a break through 35c on high volume.

big.chart-LPI.gif
 
Don't mind the look of this …… Large high quality and potentially near production project.

DFS target for Q3 2018 and fully funded with about $23 million in the coffers which covers costs till the decision to mine.

Current Market Cap of around $80 million after todays rise so MC to Cash ratio pretty good for a near term producer.

Definitely on the short list for a good value entry although given the last remaining permits are expected soon I may have missed the first boat ….

The second boat usually carries more life rafts anyway;):geek:
 
LPI didn't break through 0.35 and instead has fallen back to 0.26. This pull-back in price coincides with a pull-back in most lithium companies. A minor pull-back is a healthy sign in a trend provided the pull-back isn't very deep. The price pull-back in LPI wasn't helped by a capital raise with a price of 0.26.

The price pull-back didn't invalidate my weekly up trend, it remains intact and price has started to go higher. I think there's a speculative PB setup for me here.

lpi0709.PNG
 
Lithium Power announced yesterday that it intends to demerge its Western Australian hard rock lithium assets into a new ASX listed company. The demerger process is expected to be completed in the first half of 2022.

These are the assets being demerged by LPI:

LPI130122.png


This should be a very highly sought after ASX listing given the current bullishness of the battery minerals sector and the prospectivity of the tenements. Punters jumping into LPI today to secure their slice of the new company.

LPI has been on an absolute tear the last few weeks. Wish I'd picked this one for the yearly competition.

big.chart-LPI.gif
 
I picked this for the 2023 competition. I'm not going to lie, I just chose a random lithium company. In hindsight I probably could have done better but I chose it before I knew there was prize money. Can I change my tips or is it too late?
 
there's a bit of a kerfuffle as to the status of LPI tenements in Chile. From the media:

In 2023, Chile has been planning on nationalising its lithium deposits. It has put out a complicated strategy paper that creates three alternative endings for companies whose licences were created before 1979 – as Lithium Power’s were, according to statements the company has made to shareholders.

That type of licence is invalid if lithium mining is not specifically permitted, or if lithium mining was tacked on to the licence after 1979, according to one interpretation of the new rules. Only a licence handed out before 1979 is valid if the project is developed with Codelco, the state agency.

The local newspaper El Mercurio de Antofagasta has suggested the pre-1979 licences held by Lithium Power specifically did not include lithium, without attributing any source.

.... So there might be a bit of a bunfight happening ?

Screenshot_20230717-074148_Chrome.jpg
 
RESPONSE TO MEDIA SPECULATION
________________________________________________________________________________

Lithium Power International Limited (ASX: LPI) (“Lithium Power” or “the Company”) refers to recent media speculation regarding discussions between Corporación Nacional del Cobre de Chile (“Codelco”) and Lithium Power about a potential transaction. Lithium Power confirms that it is in discussions with Codelco regarding a potential transaction. However, at this stage, discussions between Lithium Power and Codelco are incomplete and no agreement on terms has been reached. Codelco has been granted due diligence and is continuing to undertake its due diligence investigations. Lithium Power notes that there is no certainty that the discussions with Codelco will lead to consummation of a transaction. Lithium Power will continue to keep the market fully informed, in accordance with its continuous disclosure obligations.

Lithium Power has appointed Canaccord Genuity (Australia) Limited as financial adviser and Ashurst Australia as legal adviser.

Authorised for release by the Board of Directors of Lithium Power International Limited.

i do not hold this share
 
Lithium Power International (ASX:LPI) was right when it described as “incorrect” a Bloomberg report suggesting a 50-cent-a-share offer from Codelco, the big state-owned Chilean copper miner.

The deal, revealed on Wednesday (instead of the original Monday deadline), was at 57 cents for each LPI share.

LPI said it had entered into a binding scheme implementation deed for Codelco to buy 100% at a total value of $385 million.
 
On March 15th, 2024, Lithium Power International Limited (LPI) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between LPI and its shareholders in connection with the acquisition of all the issued capital in LPI by Corporación Nacional Del Cobre de Chile, through its wholly owned subsidiary Salar de Maricunga SPA.
 
Top