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50.5¢ leo lithium limited

Ann: Goulamina on Schedule Post Discussions with Mali Government, page-592

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52570

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06/09/23

19:41

Post #: 69759803
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Originally posted by Sib: ↑

Does anyone else see the possibility that the ministry of mines is suffering some FOMO?

The Government is entitled to a 10% share of financial gains, but only once the paperwork for the free-carry agreement is finalized and they become a 10% owner of LMSA.

The DSO operation was going to bring forward the date of the first financial gain, by about 9 months.....

So maybe the ministry of mines put the handbrake on the DSO shipment, because they were unaware there would be income this early, and they want the free-carry ownership implemented, before there is any income.

Additionally, if I understand correctly, the deadline for the government to take up the additional optional 10% investment in LMSA is two years after first production. Is DSO considered "first production"?

Taking that thought into the improbable; If so, and if DSO was shipped 3Q23, would government be liable for 10% of CAPEX in 3Q25, in time for stage 2?

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That is a very good question. It would answer a question or two if it is the case...

Last edited by 52570: 06/09/23

LLL Price at posting: 60.5¢ Sentiment: Buy Disclosure: Held
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