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50.5¢ leo lithium limited

Yes, the only thing i can think of as to why management are not...

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JSB007

1,550 Posts.

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21/05/24

08:58

Post #: 73926587
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Originally posted by darchand: ↑

if Morilla was so disastrous, and Leo management so obviously tainted by association, why were they so frothing at the mouth to take us much of Goulamie as possible from us?

did GF locate, develop, expand the resource? did GF build the mine?

they have been watching this project with envious eyes ever since they got into power.

I can understand we left on principle (ie, we seem to be the only ones with any principles, and frankly I would be loathe to continue dealing with this lot after all this), but if the whole Morilla thing was resolved and paid out, wasn't 26% of this better than nothing? damn side better than 1.5% and a paltry 43 cps payout.

interesting that this has not yet gone to a vote, yet it's being broadcast everywhere as a done deal.

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Yes, the only thing i can think of as to why management are not keeping the 26% is because they'll need to raise more funds to finish of construction and they probably think they wont be able to do that or at least it would be done at a significant discount. Also suspect it's a trust factor in that there is none with Mali and also sounds like the relationship with Mali isnt great.

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