LLL 0.00% 50.5¢ leo lithium limited

Could LLL buy back the FFX held Leo shares and either cancel...

  1. 127 Posts.
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    Could LLL buy back the FFX held Leo shares and either cancel them or distribute them to holders if:
    1. [Leo have excess capital] ; and
    2. [FFX need to raise funds for their own operation]

    Once Leo has more cashflow than it knows what to do with I feel like this would be a win-win:
    - Get FFX the cash they will no doubt still need (might be a lot if LLL has appreciated by then)
    - Potentially at a bit of a discount (Good chance there'd still be a solid crossover of investors which would ease the process and/or price discussions)
    - Leo would lose excess capital but each share would then be worth ~20% more of future earnings for existing shareholders

    The stars would need to align timing wise - also not sure of the technicalities of an off-market buy back but don't see why it couldn't go to a vote.

    Would be a nice little reward for anyone who can withstand the finch for 2 years as well if Leo is upwards of $2 when that happens.


 
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