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Ann: Goulamina on Schedule Post Discussions with Mali Government, page-407

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Mlc2318

6,057 Posts.

765

05/09/23

06:35

Post #: 69729849
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Originally posted by Red Baron: ↑

I see from your posts you own LTR

For one thing Mali is not war torn, neither is the Ivory Coast we're trucking through.
Liontown plan to truck 700km - does the extra 300km make that big a difference?

Liontown were very lucky to get the ALB $3 offer, they had a big funding deficit - yes they said extra debt would cover it, but nothing signed.
I think the Board knew debt was too high already - a Cap Raise was required, & also knew management could possibly build the plant but would struggle with production, so took the easy option of provisionally accepting the bid.

ALB are experienced and will make the project work. A big shame for all LTR shareholders & I mean that.
So often Australian projects do all the hard work only to have it turned over to overseas interests.

Leo owns 40% of a project superior to Kathleen Valley, it has a MC of $670m compared to LTRs $6.7b - 10 times the Market Cap
Yes Leo only owns 40% & is in Africa so deserves a discount - but a 90% discount?
Instead of trolling threads like your fellow cool-aid drinkers do, maybe use a bit of analysis

Btw don't bother replying you're on ignore like your mates.

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I made money from this yesterday … enjoy the red

LLL Price at posting: 56.0¢ Sentiment: Hold Disclosure: Not Held
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