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

Ann: Suspension from Quotation - Listing Rule 17.3, page-122

First 122 Last

Share
Profile

Follow
RandomDart

656 Posts.

123

04/10/23

09:38

Post #: 70161495
Share

Originally posted by BargainSally: ↑

Well yes, that's what the ANN said:

However, if I were to piece together the following items in my suspicious mind, I do get a niggling feeling:

- Kodal suggesting they are looking to be the first operating lithium mine, although they will be more than 12mths away from production, whereas LLL is due to be commencing production June 2024 (8mths away). For some reason, this keeps niggling at me.

- Ganfeng became the majority holder in the JV whilst we were in talks with the Govt, instead of putting funds directly into LLL.

- FFX stench

- SMH article & that other article (albeit some factual errors which need to be corrected in both)

- Numerous 'good feeling' Goulamina video media articles being released a few weeks back

- Sharp 60% decline upon opening after first suspension

All sounds fair enough, however it doesn't instil a huge amount of confidence in my suspicious mind above, in regards to this point:

"Leo’s view was that releasing such information would offend the Government of Mali and prejudice Leo’s negotiating position"

Expand

The Kodal one keeps randomly coming to my mind. They clearly having a better time of it with the government, but surely it's just a bit of marketing fluff.

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

0 Great analysis

Reply

There are more pages in this discussion • 40 more messages in this thread...

First 122 Last

Add LLL (ASX) to my watchlist