LLL 0.00% 50.5¢ leo lithium limited

General Discussion, page-2773

  1. 206 Posts.
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    You seem to have some notion that Ganfeng are unhappy with their arrangement at Goulamina.
    Why?

    They paid a mere US$65 million for their half of the asset.
    They're entitled to 650ktpa of the 800ktpa.
    They want LLL to operate the facility, which is the same arrangement they have with Lithium Americas at Cauchari-Olaroz & MIN at Mt Marion.
    They can't run the facility themselves, because they're too stretched in their pursuit to produce 650ktpa of LCE annually. Do you think they keep entering JVs because they resent them?

    Ganfeng do substantial business in Australia. Actually, their main upstream asset is located there.
    Zijin (AVZ drama) don't do business in Australia, so they can afford to play dirty in Africa.

    The controversy around Morila is the threat to LLL, not Ganfeng. GF is more likely to be LLL's safety net against the Mali govt.

    Also, AVZ wasn't 'screwed over by Chinese partners'. As I explained to Kikker, Zijin wasn't a partner on the project.
 
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