Please don't tell me there is 3 JoshuaL's? I thought I had it all figured out, but alas there is a curve ball thrown in .. .. .. .. ..
Joshual #1: the newbie investor? ~ Hi all, looking forward to joining the conversation here, I have just bought a small package having recently retired, I needed a hobby to give me something to do ... ... " ~ "would like to thank everyone for making me welcome, this is a new phase in my life and unchartered waters, luckily she who must be obeyed has given me some pocket money to persue this hobby, I look forward to chatting as I understand more ...(sic) looking forward to reading and hopefully as I learn contributing"
It was where he made the infamous $160 and finally the more recent post re: quote; "as you brought it up that was 5 years ago, I have come so far since, ...(sic)" and; ~ "I will never invest in Africa especially when a Chinese juggernaut uses all the Aussie minnows cash to achieve their success .."
Joshual #2: the rebel? and not such the newbie investor! ++ we will have to take him on his word on buying LLL, holding 12 million BGS and being in the T20 way back then.
I guess it is only a "dog stock" with the daily commenting of "long ago red flags, etc, etc" until you get your buy in price? and once held you never posted? ~ "(sic) ... I bought 300,000 LLL shares this year in the low 40s sold when the first red flag appeared .....(sic)" Just so happens the LLL has its Goulamina Lithium project in Mali, which is in West Africa and is also partnered with a Chinese juggernaut (Ganfeng) and just also happens to be an Australian minnow!
~ "(sic) ... I held 12 million back in 2016 before the consolidation, I was actually in the T20 ...."
JoshuaL #3: the debater? Calling people out for not adding value to and/or joining in conversations. I don't think for all the time I have seen you post on different stock threads have you actually engaged in a conversation and/or stayed on topic.
@JoshuaLmaybe we can put the regurgitated "sanctioned suspension" and "zero communications from the Company" to rest?
Point 1: Suspension; I don't know where you have gotten the "ASX sanctioned" terminology from but we will roll with it; as you keep questioning why? The ASX has used its discretion and Listing Rule 17.3 with the company being placed in a suspension "not at the request of an entity" + there is 4 sub clauses but only 17.3.4 is applicable.
The suspension was in response to not adequately providing information to the ASX, BUT, the Company is abiding by Listing Rule 3.1A. Quote (from Company announcement) "LLL considered the Information to be (among other things) a confidential and incomplete proposal or negotiation and insufficiently definite to warrant disclosure, pursuant to the limbs of Listing Rule 3.1A. The limbs of Listing Rule 3.1A continue to apply to the information until it ceases to be confidential by the disclosure of Information in Announcements." **in a nutshell, the ASX is the governing body of the Listing Rules but has no more right to being privy to information that falls under exemptions of Listing Rule 3.1A than any other individual/s. ** Maybe have a good read of the ASX Listing Rules, ASX Guidance Notes AND the Corporations Act
Point 2: Communications -- bullet points from announcements
In addition to the following there were ** 7 Conference / Investor Presentations, ** 2 Shareholder webinars; ** 2 Corporate Videos, ** 3 Proactive Interviews & 1 Pod Cast
21st July 2022 -- Quarterly Activities Report -- period ending 30th June 2022 As expected, a lot of information that was progressing prior to listing; highlights include; (a) Corporate - recruitment of key executives and project members (1) Tom Blackwell - Project Director, (2) Bolaji Okubajo -Project Manager (3) Joe Belladonna - CFO & Company Secretary (b) Project Development - development work progressing in line with schedule and budget; installation of drillers & pioneer camp, upgrade site access road (c) ESG - Labour Hire Committee for unskilled workers was established as part of Leo's objective to maximise local employment, to date 60 unskilled workers have been employed from the surrounding host communities; community support initiatives have commenced with the focus on economic empowerment of local women. https://announcements.asx.com.au/asxpdf/20220721/pdf/45c191l5jf1sv5.pdf
25th October 2022 -- Quarterly Report - period ending 30th September 2020 (a) Corporate, - recruitment of key executives and senior project personnel is almost complete. (b) Project Development & Site Works - development work continues in line with schedule and budget; - first major site contract let and bulk earthworks contractor mobilising - Danaya infill drilling completed https://announcements.asx.com.au/asxpdf/20221025/pdf/45gprvnj23bj6l.pdf
31st January 2023 - Quarterly Activities Report - period ending 31st December 2022 (a) Corporate, - recruitment of key executives and senior project personnel completed (b) Project Development - substantial resource upgrade increased Goulamina by 33.8 Mt to 142.3 Mt - Danaya increased from 33.8 Mt to 56.1 Mt - project remains on schedule and budget - work advanced with Lycopodium appointed for Goulamina Stage 1 - construction on schedule and budget https://announcements.asx.com.au/asxpdf/20230131/pdf/45l38bdrgyy324.pdf
16th February 2023 - Leo Achieves Key Construction Milestones This is the only dedicated project update (to date) that the Company has announced rather than the usual method within Quarterly Activity reports. ~ First concrete poured at the Primary Crushing Area ~ manufacturing of the ball mill and other key crushing and magnetic separation equipment is completed or nearing completion with final inspections underway; ~ construction activities continue as planned including TSF facility, temporary construction offices and permanent employee accomodation; ~ project remains on schedule & budget, with commissioning targeted for Q2 2024. https://announcements.asx.com.au/asxpdf/20230216/pdf/45lnf5162rfgmz.pdf
23rd March 2023 - Annual Report Most of the information in the report has been disclosed during the year ending 31st December 2022, with notable exceptions to more in depth information; being; ~ total Goulamina resource base increased by 31% to 142.3 Mt @ 1.38% Li2O ~ Danaya Mineral Resource has increased by over 150% to 56.1 Mt @ 1.24% Li2O with the indicated resource classification expanded by 213% to 24.4 Mt @ 1.34 Li2O. The results confirming the large scale, high grade resource at Danaya. ** Let that sink in a bit, the Danaya Resource @ 56.1 Mt as a stand alone, is substantially more than a lot of the Lithium companies trading on the ASX have but (currently) represents only 39.5% of the total Goulamina Resource. ~ HAZOP safety reviews submitted for key engineering deliverables ~ continuation of the drilling campaign, site access road completed, commence fencing, intallation of a water bore and a communications tower was installed. ~ tailing storage facility is advance along with key earth works; ~ 130 community workers were employed and 100% of unskilled jobs are held by Malians, on average 80% of skilled jobs and 70% of supervisors are Malians. ~ contracts were awarded with the most notable: Lycopodium Minerals awarded the contract of EP and associated project management services for Goulamina stage 1, valued at approximately A$22.7 million. ~ Waste & Hazardous Substance Management Plan continues to evolve and the purchase of Environmental Monitoring equipment has commenced.
5th April 2023 - Leo Validates Haulage Routes https://announcements.asx.com.au/asxpdf/20230405/pdf/45ndg033wbdycq.pdf ~ improved road conditions couple with efficient border crossing mean there is potential to reduce cycle time for the round trip - currently 6 days ~ nominal payloads for the proposed trucks have increased by 32% to 50 tonnes payload versus the 38 tonne ++ increase payload, better than expected road conditions will reduce absolute truck numbers required and has the potential generate cost efficiencies. ~ tenders were issued and confirmed for 5 West African based trucking companies, this was for the DSO shipments. There was a review of these tenders due in April but given the introduction of the "Local Content Law" this may need to be revisited?
28th April 2023 - Quarterly Activity Report - period ending 31st March 2023 https://announcements.asx.com.au/asxpdf/20230428/pdf/45p2xnk744cwwz.pdf (a) Project Development ~ first concrete pour achieved, ~ fabrication of key crushing, milling and separation equipment completed ~ construction activities ramping up, engineering and drafting 70% complete ~ early mining activities after selection of preferred tenderers for both mining and explosive supplies - contract negotiation finalisation currently under way (b) Corporate ~ recruitment of the full Executive Team completed and in place
18th May 2023 - Annual General Meeting Presentation https://announcements.asx.com.au/asxpdf/20230518/pdf/05ptgtrhpn00g3.pdf ~ A recording of the Annual General Meeting can be found of the Leo Lithium Web site. ++ I think it is worth the listen for anyone that hasn't https://leolithium.com/investor-centre/media/ There is also the podcast with Joe Lowry, ******, Proactive and Pay Dirt TV interviews ~ it is interesting to note (from the podcast) where they thought the price of Lithium would be and what would be comfortable for both Leo and Ganfeng.
14th July 2023 - Goulamina Mining Services Contract https://announcements.asx.com.au/asxpdf/20230714/pdf/05rmn3jyqdl0cy.pdf ~ Corica Mali awarded open pit mining services contract ~ contract includes early mining works across a 5 year term once production commences -- 6 months of pre-production activities followed by a fixed 5 year term ~ contract was awarded following a competitive tender process ++ It is not clear in any in the Mali Journal when the decree for the Local Content Law is to commence? Given that, as Corica Mali is a subsidiary of Corica Mining Services which is Head Quartered in Côte d'lvoire, which could mean that this contract may need to be revisited?
31st July 2023 - Quarterly Activities Report - period ending 30th June 2023 https://announcements.asx.com.au/asxpdf/20230731/pdf/05s44fp3p103h0.pdf (a) Project Development ~ significant Mineral Resource upgrade -- increased total Goulamina Resource by 68.7 Mt to 211 Mt @ 1.37% Li2O an increase of 48.28 on total resource. ~ elevates Goulamina to 4th largest global hard rock deposit, with scope exploration potential remains open along strike and at depth ~ acquired 2 new mineral concessions; ++ still peeved at having to pay for these, are these tenements affected by the 2023 Mining Code ~ run of mine ore produced and stockpiled ~ project remains on schedule for first spodumene product June 2024 (b) Corporate ~ currently in ongoing discussion with the government The Ganfeng Cooperation Agreement is on page 7 (c) Operations ~ first blast on site, initial mining activities focused on Stage 1 starter pit. ++ starter pit contains 1.55 Mt of undiluted fresh oe of Measured resource category, at an average grade of 1.68% Li2O and 0.73% Fe2O3 ~ Corica ramping up activities , the initial pit has been prepared and the first bench completed.
From the 18th July 2023 - 4th September 2023 the Company was in a trading halt / suspension (at the request of the Company)
From the 15th September 2023 the Company requested a trading halt, then a voluntary suspension and subsequently & currently placed in a suspension not at the equity's request .. .. and we wait!
30th October 2023 - Quarterly Activity Report for period ending 30th September 2023 https://announcements.asx.com.au/asxpdf/20231030/pdf/05wp3blvb6nhjp.pdf (a) Project Development ~ Progress continued in line with plan -- approximately 45% complete ~ Mining Contractor main fleet commenced mobilising to site, 466,000 bulk cubic metrre of material mined for the quarter ~ construction accelerating with the end of the wet season ~ 2 million hours worked without a lost time injury ~ Project team continue to pursue several Mali government approvals relating to; (i) power generation, permit is later than planned and approaching the critical path. Until approved, power continues to be provided by smaller standalone temporary units; (ii) airstrip, density gauges and exonerated application processes. (b) Corporate ~ Equity Investment Deed & Cooperation Agreement executed ~ first draw down of US$10 million completed under the Ganfeng US$40 million debt facility to LMSA (c) ESG ~ commenced the water supply project to the 4 villages surrounding the project ~ The Company acknowledges direct employment with the project is an important source of income for the local communities, it is also developing alternate income generating initiatives within local communities. Work commenced on the development of several new businesses within these communities that will eventually provide essential goods and services to the project. Discussions taking place with several Malian companies to develop cooperation agreements to buy agriculture products from local villages, support by the project to meet quality and quantity requirements. ~ the establishment of a Sustainability Committee was endorsed by the Board, primary purpose is to assist the board in fulfilling its corporate governance responsibilities and obligations to ESG & Sustainability performance and associated risks. ~ 1,000 back to school packs to school children from the 5 affected communities, sponsored the repairs to school equipment and essential supplies to each school to assist teachers.
I know it is going to be a test for you to get through the 2,000 plus words, but note the absence of IMO .. .. ..
Finally, (1) Why did you buy Leo Lithium Shares (allegedly) after a year of continuously posting warnings ? (2) Why did you stop posting on the Leo Lithium thread after allegedly buying shares? (3) Why have you restarted posting all the warnings?
cheers
"" DROPS MIC ""
LLL Price at posting:
50.5¢ Sentiment: Buy Disclosure: Held
(20min delay)