In your scenario Ganfeng would have approx 17.5% stake in Leo (equating to 7% of JV)
They would have as a company a 40% stake in a JV along with the above.
This would give them a financial Interest in the project of 47%, not controlling as they are held in different entities.
Yes they could certainly throw their weight around. Simon had plenty of dealings with the Chinese at GXY.
They could offer to buy the Goulamina asset % owned by LLL, but highly unlikely could buy the company due to FIRB.
A controlling stake would be hard , but not impossible to come by, but would involve making an offer to LLL holders due to Foreign ownership restrictions and takeover rules for % ownership.
Totally agree in regards to Cowden needing to resign from LLL. Been saying it since this debacle started.
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