"If it becomes apparent that there are no reasonable prospects...

  1. 5,006 Posts.
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    "If it becomes apparent that there are no reasonable prospects of a successful transaction within a suitabletimeframe, then the Company will terminate the Process and look to return a majority of its current cash toFFX shareholders as soon as possible thereafter. Following the return of majority of the current cash toshareholders FFX will then distribute all Leo Lithium Limited shares currently held to FFX shareholders whenthey are released from the escrow in June 2024 as per ASX requirements."

    This makes it sound like they are not that confident in getting us a positive result, and will just milk the next couple of months until end of Q2, then announce a return of cash and later escrowed LLL shares. In which by that time, there should still be $30m to distribute after hybernating the company for 14 months.
 
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Currently unlisted public company.

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