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50.5¢ leo lithium limited

News: LLL Ganfeng Lithium's Unit To Buy 40% Stake In Mali Lithium, page-109

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Kikker1959

10,749 Posts.

4418

08/05/24

01:57

Post #: 73714608
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Originally posted by GARETH78 ↑

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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There is no snow ball chance in hell that management will pay out share holders. with the remaining funds. The first 50% will be kept for cost and the $27k per week salary to ride it out to June 2025. In the mean time they will spin some story that they are looking for other projects, bla bla bla. Holders will not see a cent unfortunately. One silver lining is that it should be trading again.

LLL Price at posting: 50.5¢ Sentiment: Sell Disclosure: Not Held
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