LLL 0.00% 50.5¢ leo lithium limited

Ann: Suspension from Quotation, page-85

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    well , apologies if anyone has already posted but did a bit of serching to see if I could find out anything .....and saw this

    It’s possible that today’s halt could be an indication that the Mali government is wanting a slice of any of the proceeds from the DSO.

    Alternatively, it is worth highlighting recent reports that a new mining law could come into force in Mali in the very near future. Reuters states:

    The draft, dated June 17 and verified by three sources close to the talks, shows the government aims to take a direct 10% stake in mining projects once a permit has been issued, entitling it to 10% of dividend payments. It would give the state the option to buy an additional 20% within the first two years of commercial production, possibly through a newly created state mining entity.

    In a couple of days, all will be clear. But whatever happens, this is a clear demonstration of the risks that investors are exposed to when investing in miners operating outside Australia.
    https://www.********.au/2023/07/18/leo-lithium-shares-halted-ahead-of-major-government-announcement/

 
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