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50.5¢ leo lithium limited

Sighed by us is exactly right! Leo Lithium holding up their end...

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WoodySpoon

9,370 Posts.

2818

22/03/24

14:50

Post #: 73015327
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Originally posted by 52570: ↑

On the project side , I'm very happy that we are on target and actually nearly there (80% complete). Nice to have the ore ready to go. Although the company says that it may take 6 months to get to capacity production nameplate from beginning of third quarter this year, I think we can still assume a smallish cash flow in the 4th quarter this year if all goes well...

On the Mali Govt. side, well I am disappointed around the tax issue contrary to a legal document called the Establishment Agreement sighed by us. And what is behind the snail pace for the electricity permit - they have known about this for years...However, on the flip side to that, we can power the plant from day One, with our own power source and it might be nice to have that in reserve for any possible future complications around electricity supply given climate change etc, until one day hopefully we can get a solar plant etc etc.

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Sighed by us is exactly right!

Leo Lithium holding up their end of this project very well by the look. This development should be exciting holders and exciting the market with its potential now. That positivity ought to be driving increased international interest, investment and thus opportunities in Mali.

Unfortunately the Malian Junta making their country a no-go zone for new investment after these deliberate delays and illegal taxes.
I certainly would never invest in Mali again after this treatment from the Junta.

LLL Price at posting: 50.5¢ Sentiment: None Disclosure: Held
20 Upvote

2 Great analysis

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