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50.5¢ leo lithium limited

Ann: Trading Halt, page-295

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cheesepope

5,208 Posts.

297

19/09/23

09:39

Post #: 69911051
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Originally posted by Red Baron: ↑

"The "free carried" 10% is more involved than them just saying, "yes" they (from my understanding of previous practices) they do not get the free 10% until making a financial decision on the "optional" 10%."

I don't believe that is the case.

I asked Simon at the AGM if there was any time period on the Government taking up it's optional 10%.
Simon said there is no time limit at all, whereas the free carry 10% will almost certainly be finalised before revenue streams.

Interestingly under the new mining code (that doesn't apply to us), there is a 2 year limit for the Government to avail itself of the extra %

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When does the 2 year limit start from?

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