Australia's largest stock trading and investment forum Australia's #1 stock forum

LLL

Click for more information

0.00%

50.5¢ leo lithium limited

the royalty only applies to stage one because we are not...

First 104 Last

Share
Profile

Follow
contraindicator

5,953 Posts.

908

08/05/24

10:39

Post #: 73720601
Share

Originally posted by Red Baron: ↑

Unfortunately this whole nasty situation was instigated by the ineptness of the West Perth FFX management, namely Cowden & Anderson. A complete cock up from the start resulting in FFX walking away from it's responsibilities - a red flag to the Junta.

I think we were lucky to have Ganfeng to bail us out, the offtake is what is most important to them.

Not sure how long this will take to come out of suspension, at least the 28 days notice required for the AGM or any special EGM.

1.5% gross Royalty is good - about US$9m pa based on stage 1, double on stage 2 based on $1200 spod.
That doesn't mean Leo has to keep going as a listed company, you can sell royalty streams.

It's going to take a year to get the full US$342m, so when we get our money depends on when they relist & how the market prices whats left.

Expand

the royalty only applies to stage one because we are not financing stage 2 i presume.

LLL Price at posting: 50.5¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

LRD

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

SI6

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

BNZ

BENZ Mining jumps +17% as it snatches up WA gold projects from Spartan Res

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 659 more messages in this thread...

First 104 Last

Add LLL (ASX) to my watchlist