Agree, capitulation still playing out. Much psychological trauma of those that have suffered with the FFX and some with AVZ and then the suspension and now lingering uncertainty is too much for many to endure. I can understand anyone going through that would just want to be rid of any trace of Africa out of their portfolio. But they will compound their loss to exit at these levels imo
A lot of highly profitable companies in Africa and have been that way for decades...and tier one companies like RIO/FMG/Ivanhoe/Barack continue to pour capital into the continent where ever the tier one deposits are or could be. Grade and scale is king.
I recall an interview with Glencore MD or Friedland who said to paraphrase 'in Australia you have to search for minute traces of minerals as most is under cover, but in the DRC you just take a walk and its just sticking out of the ground.. very high grade'.
As for LLL, present market cap as sitting well below the worst case scenario
Ganfeng recent increase stake in JV attests to that
They have been honourable under circumstance where they could of taken advantage ...It may seem ridiculous but I think that insight to LLL has greatly increased Leo Lithium well beyond just the Goulemina project
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