LLL 0.00% 50.5¢ leo lithium limited

Yes, either Leo is massively undervalued or kodal are overvalued...

  1. 6,163 Posts.
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    Yes, either Leo is massively undervalued or kodal are overvalued but trading on a different market with a questionable "boss" that has never taken a project to production. The "offer" has always been too good and Hainan will take the remaining 49% of Bougouni (shitty low grade small resource) for peanuts. Their Director from Suay Chin quit yesterday, he was on Kodals BOD as Suay Chin are a substantial owner (about 13% was about 19% when they first invested but hey ho dilution eh) and were supposedly their only OTA.
    Bernie wont rock the boat seeing as they actually do fall under the 2019 MC so dont have an argument. He'll simply try offload Bougouni fully as "deal of the century". Watch this space.
 
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