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50.5¢ leo lithium limited

The Junta gets a larger brown paper back from the Russians and...

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Kikker1959

10,428 Posts.

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27/04/24

09:37

Post #: 73534815
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Originally posted by manny100 ↑

GF paid $US194 milliion including $US64 mill in debt for a 50% interest. LLL would have spent plenty of $$$ (many millions) to get Goulamina in a saleable condition. Those expenses would be deductible from the Capital gains.
Mali seem to be chasing LLL only and not GF.
If Mali are refusing a $US 95 mill offer how much are they after and what are they claiming?
Even $US 95 mill seems to high given that the Corporate tax rate in Mali is $30% and Capital gains are included in ordinary income.
If it was only Capital gains why wouldn't just announce that an assessment had been received and they were in discussions with Mali. Its a perfectly announceable issue that would not prejudice discussions.
Its mystery.

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The Junta gets a larger brown paper back from the Russians and Chinese than poor LEO. They will play it till the end to have LLL chuck along to give them a mine and then they kick them
out cheaply. Not long to wait.

LLL Price at posting: 50.5¢ Sentiment: Sell Disclosure: Not Held
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