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fooca

7,309 Posts.

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13/12/23

11:36

Post #: 71422710
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Originally posted by Gwaihir: ↑

If the Mali government still see Leo as a subsidiary of FFX, despite all the evidence provided, and FFX holds 17.6% of Leo, then in order to free up Leo to get on with the Lithium mine, FFX might consider giving the Mali government 7.6% of Leo (from the escrowed shares). If that would settle the situation for both companies, and for the government, then I wonder why it has not been offered, or has it, and subsequently been rejected? The Mali government could even sell the shares after they come out of escrow, and recoup up to maybe $100 million. The Mali government are eligible for 2 directors on the Leo board today, I wonder who they would appoint.

Gw

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Sorry mate,
The Mali government are not eligible to have members on the Board of Leo Lithium, when they accept / take up their 10% free carry in the Goulamina Project, they are entitled to two directors on the board of the LMSA .....

cheers

FFX Price at posting: 20.0¢ Sentiment: None Disclosure: Held
13 Upvote

0 Great analysis

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General discussion, page-9657

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