Firstly, well said @Gwaihir Secondly, maybe one of the "some" has gone quiet because he can't be bothered anymore but I will give it one last crack.
Your moral compass is starting to falter, ~ when you scream for facts but then denigrated a member of the Board based on the hearsay of people in your group that (have a bias against him) that he allegedly made extravagant promises leading into the FFX (s249D). ~ you scream for answers to questions but conveniently don't respond to questions presented to yourself, again you cant have it both ways. ~ you are resorting to making unfounded allegations of why you think some are going quiet, do you treat everyone that you are in contact with that has also had a phone conversation with a director the same, assuming of course they shared anything, right?
If this is the case, why are you comfortable to introduce a "potential" risk - albeit however minuscule it is, but a risk none the less by voting against a resolution the Company has put in place to mitigate any potential of Key Executives leaving, that are recognised to be vital by both Leo Lithium and Ganfeng to provide a continuity of service and expertise to progress not only the project / commissioning & production start / ramp up but to utilise that expertise in guiding and training to bring Ganfeng up to being mine operational capable, their importance obviously recognised by Ganfeng as they are providing the funds (100% of Blackwells, 75% of Richards & Chamberlains Retention Awards)
Is this the question that I hadn't answered? ~ but just to be clear, currently there is norisk to the sale transaction, but a rejection of resolution 4 has a potential to present unwanted and unneeded complications to the Company's ability to provide the project management services required to assist Ganfeng to build their operational capabilities if they had KMP's leave and they had to source replacements - nothing more, nothing less!
~ furthermore, from today's announcement with the increase in potential cents per share for tranche 1 payment, from $0.13 - $0.16 to $0.15 -$0.18 cents per share, it makes the cost of Resolution 4 slightly more palatable, which from my calculations equated to either $0.0015 or $0.0017 cents per LLL share owned dependant on what STI target is achieved by KMPs. *Note, calculations were done on current SOI of 1,198, 176,519, which will increase to 1,205,042,781
re: "Feel free to email the company (sharing what Fooca posted earlier) saying this is what was said between a director and shareholder. Do you agree with what was shared as that is quite material and influences how one should vote? You'll either get a response (admitting or denying) or be ignored. Either way it is a valuable data point...." ~ I am curious, if you care to divulge, what reply did you get from the Company when you asked? You did ask right? ++ On one hand you talk about morals and principles but then encourage someone else to do your bidding?
~ and patience is needed when you lodge an enquiry with ASIC, they are slow to respond - you have lodged an enquiry with ASIC right? ** I mean inferring material information was exchanged warrants an enquiry, right?
You suggest that you pay no heed to "hypothetical statements made" but offer no evidence or facts and IMO, it is only an assumption that; re: "the decision to sell the Goulamina project wasn't decided in the eleventh hour. They would have considered this scenario well in advance noting the government's stance and worsening political situation months ahead." ~ I actually agree per se, but disagree, based on the political situation changing rapidly with an example, as evidenced by the resumption of trading on 4th September and went into a further trading halt 11 days later on the 15th September after a further letter was received by the Government of Mali.
re: "All analysts were calling this risk out 2+ years ago, saying that Firefinch's actions didn't pass the pub test and it would come back to haunt Leo Lithium." ~ Firefinch announced they stopped funding Morila SA November 2022 which was 18 months ago ~ Leo Lithium was admitted to the ASX 23 June 2022 which is 2 years ago, ** you either have some dates mixed up or embellishment comes to mind! ** interesting that your desire for data points and facts now, when the analysts that solely present facts and data points without emotion you chose to ignore and not sell!
With all your posts of mistrusting the Company and their abhorrent attitude to shareholders, and nothing fundamentally changing (other than it was written in a more understandable format) in the treatment of tranche 2 from yesterday's announcement, you are still advocating and voting against resolution 4 right?
cheers
LLL Price at posting:
50.5¢ Sentiment: None Disclosure: Held
(20min delay)