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8,186 Posts.
2910
28/08/22
13:52
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The LLL shares are the key here IMO.
A just over 17% stake. Market value currently $115m (as a job lot more).
Someone also has the 28.6m shares sold by FFX if not already sold on market. I think not. I think Canacord could own these. IMO.
There has been ample opportunity to by 4.99% on market the last 6-8 weeks and stay under the reporting threshold.
The escrow shares can vote.
Control those and you control LLL.
Make a TO offer for LLL (forced if over 20%). If approved LLL escrow finished.
If not approved your holding will likely be worth considerably more. It's a WIN WIN.
Creep rules kick in for LLL sub holder.
The key thing is they will want a Gold player to want to pick up the gold assets.
Just my Sunday arvo beer musings.
The thing is there is money to be made here by someone. Potentially alot.
A few Li Producers starting to build up some serious cash holdings and have limited borrowings (Loan to buy LLL??)
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