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50.5¢ leo lithium limited

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dazaliam

5,920 Posts.

1941

26/04/24

20:36

Post #: 73531947
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Originally posted by manny100 ↑

GF paid $US194 milliion including $US64 mill in debt for a 50% interest. LLL would have spent plenty of $$$ (many millions) to get Goulamina in a saleable condition. Those expenses would be deductible from the Capital gains.
Mali seem to be chasing LLL only and not GF.
If Mali are refusing a $US 95 mill offer how much are they after and what are they claiming?
Even $US 95 mill seems to high given that the Corporate tax rate in Mali is $30% and Capital gains are included in ordinary income.
If it was only Capital gains why wouldn't just announce that an assessment had been received and they were in discussions with Mali. Its a perfectly announceable issue that would not prejudice discussions.
Its mystery.

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You spelled "Morila" and "scam" wrong mate.

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