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50.5¢ leo lithium limited

Ganfeng, page-29

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RandomDart

683 Posts.

128

12/05/24

18:39

Post #: 73786317
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Originally posted by tradeprofits: ↑

Agreed, but you know what - in the absence of an independent valuation (which agree is a must normally) then why isn't the existing 5% sale at minimum the precedent of the valuation for the other 40%?

Only explanation is a shafting and Gangfeng capitalising on Leo's (their business partner's) situation.

This can only be a huge warning to anyone wanting to do business with Gangfeng. If they didn't want this perception, ponying up that bit extra equivalent to the existing 5% sale (which is almost certainly still well below actual value) would have been much wiser and more ethical.

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They are only buying 26% of the mine off us though, after we were shafted onto the new mining code.

LLL Price at posting: 50.5¢ Sentiment: None Disclosure: Held
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