LLL 0.00% 50.5¢ leo lithium limited

One aspect highlighted from the FFS fiasco is that the escrowed...

  1. 8,848 Posts.
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    One aspect highlighted from the FFS fiasco is that the escrowed shares can only be released on "change of control of Leo".

    So assuming no T/O of Leo, then the shares held by FFS are out of the picture until production, at which point it should make Firefinch look attractive as a vehicle for entry into a large part of Leo..

    My 'take' is that we only need to concern ourselves with every other issue (are there any??) in regards to our holding here.
    Costs are within contingency guidelines so far, which is great considering overall inflation in the mining (and every other) sector.

    Realistically the SP is so low here based on 'sovereign risk', but is it any worse than here in Australia where the government caps gas and coal pricing on a whim??

    Sort of brings risk back to overall market risk, risk of recession or falling EV sales etc, which means we should be priced relative to other developers with a small 'African risk' attached. IMHO this would be around 30% of LTR's Mcap, which should grow as we approach production. We are way lower than anything realistic, so LLL presents great opportunity.
 
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