re: "I was told there were other things that could only be done...

re: "I was told there were other things that could only be done after that restructure, to complete the JV, thus enable the demerger."
~ Announcements have indicated what needs to be done for the JV to be completed, the only remaining precedent fo enable the JV to proceed was the transfer of the licence from Timbuktu Resources SARL to Lithium du Mali SA.
It is getting obvious that if it is NOT in an announcement or an update on the website then take what the Company says with a grain of salt, from memory I did read back at the start of May end of February, either here or twitter someone was told by management the Licence had been transferred but this was denied by the Company.

~ As previously posted, the Company has gone from ~ https://www.asx.com.au/asxpdf/20211206/pdf/453thn0vcvj5l1.pdf

to ~ https://www.asx.com.au/asxpdf/20220104/pdf/454q6nfz4n8pp2.pdf

The conflicting information in announcements is annoying,, I have scrolled over all the Condition Precedent that the Company provided in their announcements and I cannot find anything other than the licence issue being the reason for the delay. Obviously, what was released in announcements may not have been the complete conditions though.

The transfer of the US$91m was a Condition Precedent on the FID and was payable 10 days after that decision was made, both the Company and Ganfeng agreed to waive this until the completion on the incorporation of the JV.

Until the Company can be bothered updating shareholders then we are going to go round and round speculating, their arrogance holds no boundaries at the moment!!!

Simon Hay doesn't specifically have an an avenue to make LLL company announcements other than via FFX on the ASX platform, and as much as I have just said that unless there is something official then its a grain of salt, but, in Hays podcast with Lowry, Hay spoke about this and the plan is to build stage 1 (with the included items (eg larger ball mill) for an easier transition to stage 2, prove production to name plate, prove quality and commercialisation and then quickly move to stage 2 ~ maybe an additional section for LLL in FFX announcements?

FYI, the company have people monitoring social media outlets including HotCopper and receive a monthly report ...... oh, monthly reports lets no go there ... Top 20 pffffffffft.

@sirhsv takeover target for the Lithium? or FFX? The plan for FFX to hold up to 20% of LLL could be more than just a strategic monetary investment but could be used to thwart any takeover of LLL? ~ opinion only.

@52570 The Mali Repository site, has barely changed in the last 4 weeks with slight licence applications increasing, still nothing on Timbuktu Licence and Lithium du Mali SA is not indicated anywhere - I assume that unless you can log onto the repository (as a Company) then we will only get sporadic information. Kodal's applications are all now showing as "under review".

@.com.au Ganfeng may want to progress straight to stage 2, but there is no guarantee they will be awarded the additional off-take for the higher production rates, they will have to compete with anyone else that may be interested in securing Lithium off-takes?

My Opinion only ~ a change in strategy to go from stage 1 to stage 2 would have no bearing on the
(i) transfer of the licence ~ which appears to be the reason for the delay
(ii) incorporation of the JV and transfer of the US$91m ~ reliant on (i) above
(iii) the demerger process ~ reliant of (i) & (ii) above
(iv) listing LLL ~ reliant on (i), (ii) & (iii) above
(v) no changes needed to the Prospectuses either the Short or Long form versions ~ the shares in LLL will only be owned by current FFX holders,
~ in-specie distribution (Short from prospectus) and Entitlement Offer (Long form prospectus), there has been numerous posts on how much the Company will raise via the Entitlement Offer (based on their up to 20% ownership of FFX's 50% ownership) and that won't change even if there is a decision to go straight to stage 2?

cheers

"a single small annoyance from one with low core values enhances your vision and it all becomes crystal clear"