well , apologies if anyone has already posted but did a bit of serching to see if I could find out anything .....and saw thisIt’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/
- Forums
- ASX - By Stock
- LLL
- Ann: Suspension from Quotation
Ann: Suspension from Quotation, page-85
-
- There are more pages in this discussion • 227 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LLL (ASX) to my watchlist
(20min delay)
|
|||||
Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $605.4M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
LLL (ASX) Chart |
Day chart unavailable
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online