BargainSally, I agree with finding a new project ASAP while the lithium market is depressed, they need to get in early at a low price on a good project while lithium is in the dumps, if they don't do it NOW, then it might not be worth it when the next lithium upturn or boom takes places, because future shareholder profits from that point are likely to be capped somewhat.
As we all know with stock markets and resource cycles - TIMING IS EVERYTHING !!!
This is why they have to go out and do to someone else what Ganfeng have done to Leo, take over a great project, that is low on cash, has poor management, a high quality resource, and in the dumps ONLY because of the lithium downturn. And they should be doing it NOW, in order to get it for the LOWEST possible price.
The only problem with Goulamina was it's location, and the related sovereign risk. It was controlled by an African Military Junta (AMJ) effectively holding guns to the Leo managements heads, and yet still they were able to deliver a project built on cost and on time. The management here are good, so I hope they don't leave, because as a team there is great potential, they just need to "choose the right location".
It might be interesting now for some of us here, to create a new thread, with a title something like "Potential Leo Acquisitions" or similar, and then we can all start inputting ideas and projects that may meet the criteria for project acquisitions. It might be helpful, because some people often have the knack of coming up with surprisingly good left-field lateral thinking ideas that others may not have thought of.
Gw
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