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50.5¢ leo lithium limited

Ann: Notice of Annual General Meeting, page-57

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Pseudo19

569 Posts.

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02/07/24

12:06

Post #: 74564849
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Originally posted by Karl89: ↑

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

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You make a good point.
Presumably LLL, in the event you of a no vote, would be a passive 26% holder with GF managing the project.
My guess is a no vote is only a theoretical option.
It’s a shame we haven’t been given any financial modeling

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