Good question, and one we'd be very interested to know the answer too. The Kodal CEO had a meeting, so what about the Leo CEO?
I believe Leo should have protected their majority interest in the project.
Given that the Mali govt could take 20%, Leo should have maintained at least a 50.1% interest, with Ganfeng welcome to the rest 29.9%.
This is how I personally would have structured up the JV, given the Lithium cycle we are in.
Yet again, to me this is another corporate mistake, just like the other big error in having the same in-country manager/representative as FFX.
Unfortunately, these guys have made a few problematic corporate decisions, maybe due to them not operating in Africa previously, or just through naivety.
Unfortunately, those decisions are hurting shareholders.
Gw
- Forums
- ASX - By Stock
- Ann: Goulamina on Schedule Post Discussions with Mali Government
Good question, and one we'd be very interested to know the...
-
- There are more pages in this discussion • 236 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LLL (ASX) to my watchlist
|
|||||
Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $605.4M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
LLL (ASX) Chart |
Day chart unavailable
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online