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50.5¢ leo lithium limited

The last point is wrong. Locals would be happy to run it and...

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random555

199 Posts.

16

02/03/24

08:33

Post #: 72708042
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Originally posted by franky1: ↑

Hi All,

Imagine the two scenarios below;

1. The four entities being FFX, LLL, Mali government and shareholders agree to a settlement that is in everyone’s interest and all permit's and approvals and government shareholding is resolved. Win/Win.

2. Settlement is not sorted by 30 June 2024 and FFX are free to dispose of the cash and LLL shares and become a shell that is not held to ransom by the Mali government.

If LLL and Gangfeng do not receive all approvals but have a plant and ore ready to export it becomes a very simple exercise of placing the plant on C&M and laying off 1,300 workers and no income for any party including the Mali government. Lose/Lose big time especially for the government and employees.

Greed takes many shapes but when push comes to shove a deal will be done or everyone loses.

They're all not that stupid imo.

It all comes down to How Mucho$. As it always does.

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The last point is wrong.

Locals would be happy to run it and have the ability to - look at FFX.

there is nothing stopping them kicking us out and there is nothing anyone can do about it. China will pay to play and maintain its presence and supply.

it’s a dirty way to do business but if you’ve pissed off the wrong people well…

LLL Price at posting: 50.5¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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