I understand the hat perspective, but Simon just stated that FFX's current pursuit of a settlement with the Government is entirely separate from what's happening now with Ganfeng, the Government, and Leo Lithium (which was just settled via a USD $60 million payment).
Assuming we believe that and follow that logic, the current FFX negotiation with the Government and the AUD $11.5 million payment to LLL for what was just settled regarding the Goulamina project are two separate issues that should not be conflated.
Until I hear otherwise, I believe my earlier point still stands: it is in FFX's best interest to make this contribution payment as soon as possible to avoid further legal trouble, which would only negatively impact FFX shareholders.
- Leo Lithium has officially stated and reinforced in conversations with shareholders that if the agreement with FFX is not honored (meaning FFX doesn't make the AUD $11.5 million payment to Leo), they do have a contingency plan to go after them as Leo Lithium will reserve all their rights.
- If Leo Lithium takes legal action, FFX will likely cite further delays in 'returning capital to shareholders' and the legal outcome may result in more than a AUD $11.5m figure.
- During this time, as @manny100 pointed out, FFX might receive their 17.6% share of the LLL settlement proceeds, which other creditors (like 'EGTF') may then go after.
To clarify, I'm not repeating this for your sake, but more so for others like
@pier1 whose logic I can't comprehend.
