LLL 0.00% 50.5¢ leo lithium limited

Ann: MoU Signed with Mali Gov & Sale of Entire Project to Ganfeng, page-370

  1. DPR
    1,300 Posts.
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    I think all would agree that Simon and the team have done an exemplary job in building the mine under extremely difficult circumstances.

    I would say most shareholders are weary after nearly a year of having their funds locked up, a lot of whom are also FFX holders. I know I have 0 appetite having this company take on the risk of a new project with the funds from the sale. To think that LLL will find an undervalued project that will deliver near term value (that the rest of the market has ignored) is naive at best.

    The best solution in my eyes is distribution of all cash and proceeds from sale to shareholders bar a couple of million. The shell of LLL can exist being fed by the NSR income and can look for something greenfield (not necessarily lithium).

    Gotta know when to fold them....
    Last edited by DPR: 09/05/24
 
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