"selling the 5% could be a big mistake, does LLL have any leverage now?"
I did ask about the upgraded minority shareholder provisions:
The principles are that the JV will continue to operate as it does now. Moving to 55%, Ganfeng will have some majority rights. It’s a matter of mathematics.
What Ganfeng are very keen to do is for Leo Lithium to continue to be the operator, have an administrative deed, and be compensated for that type of work.
Just because Ganfeng is moving to a nominal 55%, LLL doesn't expect they will start throwing their weight around unnecessarily (haven't had one dispute in 18+ months)
If you consider the key things for LLL's interest in the project, the offtake is firm, and LLL cannot be compelled to sell further shares. Major decisions like those on stage 2 capital costs require unanimous agreement
FFX Price at posting:
20.0¢ Sentiment: None Disclosure: Not Held