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50.5¢ leo lithium limited

you can only wonder what significant issues were going to...

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Dukeofhazzard

537 Posts.

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27/05/24

09:53

Post #: 74020019
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Originally posted by Spekulator: ↑

Posters need to stop stating that Simon and team built a lithium project on time and on budget... they didn't.

They got a project to 80% complete and we will never really know at what cost and necessarily what time...
Most COnstruiton projects get to 80-90% complete before Management is prepared to front up and say we need more $$ and/or more time.

LLL will never achieve anything of any real benefit from this project.... that royalty is a pittance on what GF and Mali will receive.

Fully agree with other posters that have noted - Anyone believing GF is LLL's friend is completely naive.
GF maneuvered themselves into a position where they were able to negotiate with Mali Gov. That is all you need to know - we have seen the outcome of that. LLL SH got bent over. GF isn't even offering any form of premium for an almost finished project. Ignoring the resource, there should be a significant premium attached to the completed operating plant.

There is no future between LLL and GF. LLL have nothing to offer GF whatsoever, and the Co-op agreement is dead.

Anyone defending Simon and Rick and trying to diurect the blame to Mali and/or FFX only are completely naive and have obviously drank too much of Simon's Kool-aid.

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you can only wonder what significant issues were going to present in finishing the final 20%.
the project will blow out on build cost.

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