Realistically, we are talking about a further 6% of ownership off LLL. Painful and worth negotiating / fighting for but far from making the company undesirable.
To be honest, the current unknowns are the thing hurting this companys sp the most. Quicker we air this stuff out, the quicker we can all just move on…
Whilst it wouldn’t be anyone’s preference to give away the extra 6%, it doesn’t come for free and does at least come at the benefit of tax royalties that would be positive in the early construction years of the various stages / any early possible dividend payments.
It was possible Ganfeng ownership increase over the project was a possible deal to keep one of the partners as the largest stakeholder if Mali pushed this mining code which it seems they have.
In short, frustrating but let’s just get things done.
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