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50.5¢ leo lithium limited

Ann: MoU Signed with Mali Gov & Sale of Entire Project to Ganfeng, page-299

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rvajna

8,807 Posts.

641

08/05/24

20:55

Post #: 73734256
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Originally posted by tradeprofits: ↑

Long story short.....

The least Ganfeng could do is pay a premium to the share price, given the enormous value of Goulamina (the NPV worth many multiples of what they have offered).

They could offer $1 per share (lower than SP before this debacle) and it would still be a ridiculous bargain compared to the NPV. $1 per share instead of 43c is inconsequential vs the NPV.

A decent business partner would at least do this, especially given they are conveniently the ones benefitting from the Mali shafting (probably due to their Government being China and who knows what else), and especially given they would still be benefitting enormously.

Shame on Ganfeng and to every other miner out there in the world - be wary of going into any venture with Ganfeng.

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Be thankful you are getting 43 cents. It could be zero.

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