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50.5¢ leo lithium limited

Seeing how the spuds over at ffx have been sitting on ~$40M for...

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hurtadarryl

924 Posts.

150

02/07/24

03:17

Post #: 74557833
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Originally posted by RandomDart: ↑

It's hard as the announcement lays out how unreasonable the Mali government has been. My impression is that they wanted LLL out just as much as they wanted their 35%. Beyond the 35% too, Mali gov has swung all the levers in their favour. Will be interesting to see which ones Gangfeng is trying to negotiate away.If the 43 cents translates to 35 actual cents returned per share or so, then a lot of us get our initial capital back (minus tax).

I just want to survive at this point, then whether the last 7-10 years has been worth it is 100% down to how LLL utilises the 50-70 mil they retain. Hopefully they can build something with retained cash and trailing money without touching tranche 2. I'm pretty grateful management got us something back from this situation, despite most of my posts here coming from frustration, as a single dollar hasn't hit my pocket while they do a bonus and pay rise tour.

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Seeing how the spuds over at ffx have been sitting on ~$40M for the last two years and did sfa with it I wouldn't expect much more here if they were given $50M to play with.

LLL Price at posting: 50.5¢ Sentiment: None Disclosure: Held
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