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50.5¢ leo lithium limited

I completely agree with RedBaron. Ganfeng is providing us with a...

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ResGloStocks

167 Posts.

96

08/05/24

10:35

Post #: 73720405
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Originally posted by Red Baron: ↑

Unfortunately this whole nasty situation was instigated by the ineptness of the West Perth FFX management, namely Cowden & Anderson. A complete cock up from the start resulting in FFX walking away from it's responsibilities - a red flag to the Junta.

I think we were lucky to have Ganfeng to bail us out, the offtake is what is most important to them.

Not sure how long this will take to come out of suspension, at least the 28 days notice required for the AGM or any special EGM.

1.5% gross Royalty is good - about US$9m pa based on stage 1, double on stage 2 based on $1200 spod.
That doesn't mean Leo has to keep going as a listed company, you can sell royalty streams.

It's going to take a year to get the full US$342m, so when we get our money depends on when they relist & how the market prices whats left.

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I completely agree with RedBaron. Ganfeng is providing us with a way out of the problem. We could keep waiting until it becomes worthless because the Military Junta is not going to change its stance.Mali is uninvestable after this.

LLL Price at posting: 50.5¢ Sentiment: Buy Disclosure: Held
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