Ganfeng may be the predator, negotiating on a price with FFX for 100% of Leo.
Perhaps this is a reason for the demerger timelines.
Ganfeng had a massive 408% profit increase this year, they are awash with money, total profit nearly one billion USD.
Ganfeng have (or had before nationalization) the Sonora Lithium project in Mexico, but Mexico have just nationalized all their Lithium projects, so Ganfeng now has a lot more cash to spend elsewhere.
So will Leo begin life, or will Ganfeng take it out before it even gets started, and if so, at what price?
Have discussions along these lines occurred?
This is a question for the AGM?
I hope this doesn't happen, because I want to be a long term holder of both Leo and Firefinch.
Gw
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