Either 210m escrowed shares were selling into a new holder (still will be in escrow till June 2024 for the new holder) or wait until June 2024 to distribute these shares to FFX shareholders, has NO impact on share price as either way these shares will be remaining in escrow until June 2024.
DSO shipping, minimum 2 x 30,000 tons, that potentially bring minimum around $26m net profit for LLL, starting late 2023, less than 12 months.
DSO shipping will not affect stage 1 construction schedule, first spodumene concentrate production to commence in around May 2024, full production by December 2024; Stage 2 production 831ktpa SC6 to commence December 2025. That's way ahead of another ASX developer which is valued at $3.8B.
Ann: Further High-Grade Drilling Results at Danaya, page-37
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