Ann: MoU Signed with Mali Gov & Sale of Entire Project to Ganfeng, page-493

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manny100

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2232

10/05/24

22:52

Post #: 73772679
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Originally posted by WoodySpoon: ↑

I'm interested in the small divie as a means of holding up the SP while we transition to a new project. If there is to be a small special divie hold it out there payable a few months after we open.
Then tell holders the 1.5% (if it's not sold to provide the prev special divie) will also be paid out in full in a dividend every July.
Plenty of holders with a cost base of less than ten cents so even if a very small divie relative to today's price it encourages them to stick around while a new project is developed.

Generally not in favour of selling that 1.5% because you wouldn't get any factor of lithium price runs, nor would you get the full 20 year value. It would be sold prob at a discount to the ten-twelve year value? IDK.

GL1 would be interesting to buy into for WA lithium $109 mill MC - but Min Res own 10% and two Chinese outfits 15% so that's a pretty hard nut to crack.
But I hope they find something similar to that in Canada or Aus. Be a shame to lose such a good lithium project development team when we have the trust of GF AFA building a project goes who could give us an offtake...

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The problem is with Australia it may be hard to find an OPEX friendly resource that works for holders in the entire Lithium price cycle. Not sure about Canada. Simon says he is location open minded not Mali of course.
Other posters may have good information on OPEX friendly, low sovereign risk locations.

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