A big IF, is where is the $65m USD for the 5% sale announced in Jan?
Is it going to be in our acct and GF settle up everything, or is it part of a settlement to get this deal approved by the Mali Gov? Thats 8.3c roughly per share.
50% of the cash not payable until June 2025?? That is going to carry a hefty discount. Can you imagine the small print in the contract.
This is not a TO of Leo, just selling its asset. No way will this deal fully flow through to the SP.
LLL has loads of liabilities (employee, Leases etc).
How much of the Money in the JV do we get or is that figure $0 ??
We had $69m AUD in LLL accts end March. How much of that is free cash (not committed)?
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