After conceding the gov is taking 35%, can you explain to me why “Everybody with a right-mind is voting yes to the sale…”
If, and that’s the key here, IF the gov has no on going conflict with LLL, after taking a chuck of ownership, taking control of Morila and enjoying settlement, maintaining 26% of a world class, low cost, lithium mine site doesn’t appear to be such a bad deal… LLL would profit heavily, even at todays lithium price and at only 26%.
The lower ownership would assist LLl in affording to pay there share in finalising production / stage 2…
It all depends on the Gov willingness to work with LLL, and TBH, this announcement fails to highlight a distaste for LLL by the gov if that is actually the case
us$350m before taxes vs 26% silent partner… board perhaps wouldn’t like it as it would cost some of them their jobs and performance incentives due to change of control event hit if it is sold
- Forums
- ASX - By Stock
- LLL
- Ann: Notice of Annual General Meeting
Ann: Notice of Annual General Meeting, page-49
-
- There are more pages in this discussion • 288 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
|
|||||
Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $605.4M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
LLL (ASX) Chart |
Day chart unavailable