Australia's largest stock trading and investment forum Australia's #1 stock forum

LLL

Click for more information

0.00%

50.5¢ leo lithium limited

All good points.I just have one question... if FFX owns 80% of...

First 125 Last

Share
Profile

Follow
koparoma

652 Posts.

199

25/08/23

11:57

Post #: 69547434
Share

Originally posted by manny100: ↑

Looking at the FFX ann their position seems to be that their preffered position is to sell Morila for nominal $.
If the sale does not happen in a reasonable time their view seems to be 'stuff the Government' we will walk away and begin distributing the assets.
If this happens where does it leave LLL?
Is the Goverment trying to hold LLL liable via a percieved connection with FFX?. It appears this maybe the case????
What is the monetary extent of the claims, if any?? Speculation.
Does the Government even have a position or is it just 'fact finding" at this time?
We should know more on Monday.

Expand

All good points.

I just have one question... if FFX owns 80% of Morila, then surely shouldn't the minority shareholder be up for 20% of any liability for reparation cash/costs?? ...and FFX should only be up for 80% of any ultimate costs?

LLL Price at posting: $1.14 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 29 more messages in this thread...

First 125 Last

Add LLL (ASX) to my watchlist

SPONSORED BY