You miss the most critical point. They are all in Africa and...

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Kikker1959

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05/04/24

10:36

Post #: 73202330
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Originally posted by Red Baron ↑

Big difference between AVZ, FFX & Leo. AVZ was always going to have issues getting to production with a messy ownership chain, not to mention the transport logistics. FFX demise was by incompetence by Australian management/Board.

Fact of the matter is the Mali Govt or more to the point the Mali people were ripped off by FFX who took over the responsibility of mine closure etc etc only to walk away. Goulamina was owned by FFX who spun it out into Leo so of course the Govt will have Leo in its sights.

But money talks, The Govt wants part ownership revenues, Ganfeng need Goulamina's ore for their purpose built hydroxide plant, so I'm sure there will be a settlement.

The main thing is construction is on schedule and on budget. At the moment Goulamina is owned 55/45 by GF & Leo (or will be when the 5% sale is fully drawn down). The extra 5% we're selling GF doesn't happen till there's a settlement. The Govt doesn't even have 10% at the moment so there is incentive for them to settle as well before they start making profits.

Even at current prices this project will be making good money, it is very low cost, wide seams with very low strip ratios, cheap labour, low debt and a team with solid lithium experience not to mention Ganfeng's expertise.

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You miss the most critical point. They are all in Africa and that’s the problem.

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You miss the most critical point. They are all in Africa and...

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

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You miss the most critical point. They are all in Africa and...

Top Stories

The USA's dominance requires a domestic lithium supply chain. Chariot stands to benefit

From the Floor question: "When will FEX start using rail to augment & de-risk their haulage solution?" | Fenix Resources

From the Floor question: "Could gold be manufactured in a lab like diamonds?"

Chris Judd's Talk Ya Book: Tracking Life360 on a journey to the stars

From the Floor question: "What is the focus of AL8 and how is management going to attract shareholders to the registry?" | Alderan Resources

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