"selling the 5% could be a big mistake, does LLL have any...

"selling the 5% could be a big mistake, does LLL have any leverage now?"


I did ask about the upgraded minority shareholder provisions:

• The principles are that the JV will continue to operate as it does now. Moving to 55%, Ganfeng will have some majority rights. It’s a matter of mathematics.
• What Ganfeng are very keen to do is for Leo Lithium to continue to be the operator, have an administrative deed, and be compensated for that type of work.
• Just because Ganfeng is moving to a nominal 55%, LLL doesn't expect they will start throwing their weight around unnecessarily (haven't had one dispute in 18+ months)
• If you consider the key things for LLL's interest in the project, the offtake is firm, and LLL cannot be compelled to sell further shares. Major decisions like those on stage 2 capital costs require unanimous agreement