I totally agree with everything you have said, and I also agree...

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fooca

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03/04/24

09:59

Post #: 73161859
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Originally posted by tradeprofits: ↑

Everybody needs to understand that waka waka this is Africa we are dealing with. Not Australia what we are used to and familiar with.

Indeed they are ASX listed and bound by Australian regulations, but LLL are wisely are flaunting this to get the best out come they can with the country that really matters, Mali.

It would be really tough juggling this, yet so many armchair experts on here want to flog them for it.

It's Africa. We took the risk. Goalposts change, corruption is often involved, Moody's have them at a Caa1 Negative Soverign Credit Rating for a reason (the others at B/B-). The reason is BS like this.
> This BS will only hurt Mali (e.g. their credit rating and business reputation), but the people involved likely don't care and are looking after self interests and probably have their kids living in an apartment in London for schooling.

My 2c - people are upset, they want to make money, cash out chase something else, whatever (it's HC after all). Patience is required in this situation that is not the company's fault. Thankfully they are approaching it in a manner that will give the best outcome, not the best outcome for the anxieties of impatient HotCopper holders or even the ASX.

Focus on the resource. It is amazing. Once they get this crap sorted out, we will have one of the biggest Lithium projects in the world with one of the biggest Lithium partners.

fooca you are a smart guy, loved the work you did over at DLC (now MOM), but I mostly agree with WoodySpoon on this one. And Pharrell13 whilst I don't agree with you on this, it's great you did something that most others won't by contacting the company with your concerns.

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I totally agree with everything you have said, and I also agree with @WoodySpoon as well baring, his assumption of me trying to "tell the the professional management team how to do their jobs".

I have had phone conferences with Simon and Len, numerous email exchanges and I have every confidence that if anyone is going to get this mess sorted it will be Simon and his team, also not forgetting our JV partner Ganfengs' expertise, influence and input.

Being active and taking actions with your investment at times will be unpopular (as in this case) but it is my preferred choice over being passive and complacent and if it means some may get their noses out of joint if I question management either via email/phone conversations and/or filing enquiries with the regulative bodies' , then so be it, investing isn't a popularity contest.

cheers

Last edited by fooca: 03/04/24

LLL Price at posting: 50.5¢ Sentiment: Hold Disclosure: Held
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