Re: “~ Until the final payments in full have been paid, LLL remains a percentage owner of MLBV and as such (opinion) profit from sales should be dispersed according to % ownership.”
Not sure how MLBV would normally elect to distribute profits to its shareholders @fooca, but without reference to their constitution/rules I assume distributions are to its own timetable and per the resolution of its own directors. You’ve possibly read more on that than I have, but if this is the case it could easily be dealt with by directors simply resolving not to distribute any profits at all to MLBV shareholders until these transactions have all closed. That would seem to be the cleanest way of dealing with it. They might surprise us, but I really cannot imagine we’ll be seeing any cash windfall from interim mining activity sales especially now that all capital costs have been assumed by Ganfeng.
- Forums
- ASX - By Stock
- LLL
- Ann: MoU Signed with Mali Gov & Sale of Entire Project to Ganfeng
Ann: MoU Signed with Mali Gov & Sale of Entire Project to Ganfeng, page-580
- There are more pages in this discussion • 181 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LLL (ASX) to my watchlist
(20min delay)
|
|||||
Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $498.5M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
LLL (ASX) Chart |
Day chart unavailable
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online