I'm interested in the small divie as a means of holding up the SP while we transition to a new project. If there is to be a small special divie hold it out there payable a few months after we open. Then tell holders the 1.5% (if it's not sold to provide the prev special divie) will also be paid out in full in a dividend every July. Plenty of holders with a cost base of less than ten cents so even if a very small divie relative to today's price it encourages them to stick around while a new project is developed.
Generally not in favour of selling that 1.5% because you wouldn't get any factor of lithium price runs, nor would you get the full 20 year value. It would be sold prob at a discount to the ten-twelve year value? IDK.
GL1 would be interesting to buy into for WA lithium $109 mill MC - but Min Res own 10% and two Chinese outfits 15% so that's a pretty hard nut to crack. But I hope they find something similar to that in Canada or Aus. Be a shame to lose such a good lithium project development team when we have the trust of GF AFA building a project goes who could give us an offtake...
LLL Price at posting:
50.5¢ Sentiment: None Disclosure: Held
(20min delay)