Ann: Leo Lithium Investor Webinar Presentation, page-32

I am still thinking are we better off not selling?

I know it is not ideal for BOD and managers as it is out of their control, but f.. them we have to look after our investment and minimise risk.

If we keep the 26 percent, sure we can get f... over but so can Gangfeng and the Mali government because no one has to buy lithium, this all is not happening in a vacuum.

If we have 26 percent, Mali govt has 30-35 percent and Gangfeng the rest. FFX has gone away according to the webcam or was that contingent on the sale??

If we get screwed over with the 26 percent, Mali govt also gets potentially screwed over with their 30-35 percent in terms of revenue. Also the Leo 26 percent plus Mali 30 plus percent is greater than Gangfeng, so Leo and Mali combined has interest in working together to get appropriate returns and not get screwed by Gangfeng.

I get why management and directors wish to bail, but that has little to do with shareholders maximising value. Theoretically, shareholders may be better off holding 26 percent and we simply get what Mail government gets apart from a little less percentage and possibly some fees.

If the resolutions do not get up, minor interest in a asset, possible administration does it then relist? Webinar suggests possibly not but why would that be specifically?

What I also do not understand is why has management and/or the board not already bailed?? no greener pastures?