LLL 0.00% 50.5¢ leo lithium limited

General Discussion, page-2770

  1. 34,336 Posts.
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    AVZ issues are mainly, ownership dispute and infrastructure. The ownership dispute arose from their complex history, bought from Chinese long time ago, then, Chinese wanted back, and following with another big Chinese listed company 'illegally' purchased from the DRC stated owned JV partner...

    LLL, is in Mali, DOES NOT have these issues. The ownership of Goulamina project is very clear, and NO dispute, mining license has been issues, Ganfeng bought 50% from Firefinch, and formed 50-50 partnership, and paid USD$130m cash with providing USD$40m funding package. BTW, construction is already underway!

    Now, LLL, market cap is under $600m, with cash $70m + JV cash around $90m, enterprise value is around $440m, is crazy, imo. Most asx explorers could be valued at more than LLL's.

    All imo.
 
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