Australia's largest stock trading and investment forum Australia's #1 stock forum

FFX

Click for more information

0.00%

20.0¢ firefinch limited

General discussion, page-9568

First 9568 Last

Share
Profile

Follow
GARETH78

8,137 Posts.

2886

16/11/23

18:34

Post #: 70947700
Share
Originally posted by xfactor1: ↑

"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

Expand

Thank you for this info.
FFX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

BYH

Bryah gains $408K government rebate for work on copper target Narracoota

WC8

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

AI stocks: What to expect in 2024-25

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

There are more pages in this discussion • 428 more messages in this thread...

First 9568 Last

Add FFX (ASX) to my watchlist