LLL 0.00% 50.5¢ leo lithium limited

Ann: Response to ASX Query Letter, page-40

  1. 5,292 Posts.
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    If the ASX do not understand that we have been screwed over by FFX first then kicked in the guts over and over by Mali then they should shup up shop.
    Mining in Mali was great for decades but we just had the bad luck of timing our rise with the only one of a few Junta's that decided to screw miners in a big way.
    The ironic thing is that previously miners put big $ directly into local communities greatly improving living standards. Miners will now cut back massively on those expenses. The greater part of the 35% $$ to the government and incentive $ that were dropped will go to the officials few at the top at local community expense. Its a sure thing that Mali officials will eat their own. That is what keeps poor countries poor.
    The reduction of permits to 12 years is a joke. Miners will be further screwed on renewal.
 
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