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50.5¢ leo lithium limited

Ann: Quarterly Report for the quarter ended 31 March 2024, page-39

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stevo_61

153 Posts.

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30/04/24

17:42

Post #: 73590536
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Originally posted by fooca: ↑

This topic was one I addressed with Simon in a phone conversation with him and Len.

I basically asked why they didn't do a placement / capital raise for funds versus selling a further 5% to Ganfeng.

Although I had a fair idea why they didn't, the bottom line was it was the best option given overall market conditions, LLL's status, they Company's inability to disclose enough information to satisfy investors, the need for quick funds if required as they were confident there will be a settlement in the coming weeks.

FYI: Company's have the ability to raise funds via capital raises even when in suspension!

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Hi fooca,

In light that they stated 'they were confident there will be a settlement in the coming weeks' was your phone call recent or has the 'coming weeks' deadline passed.

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