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So, is this the real reason for the current sp?

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30/03/23

11:45

Post #: 67041048
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Originally posted by 8horse: ↑

Ganfeng just released their annual report, here's photo from their annual report,
View attachment 5170306

The most interesting part is, Ganfeng board approved to use their own cash up to CNY1.5B (equivalent AUD$326m) to invest in new energy supply chain, via buying shares etc, within next 12 months after shareholders approval.

Gangfeng tipped to look at Leo Lithium

Dec 14, 2022 – 4.11pm

In Wednesday afternoon filings, Firefinch’s board stopped short of saying it was essentially putting a decent pre-bid stake for Leo Lithium within the reach of any potential suitors.
However, with just cash and Leo Lithium shares on Firefinch’s books, there’s only one way the review’s expected to head.
The most obvious solution for Firefinch would be to find a suitor that likes lithium and the stomach for geopolitical risk in Mali, where Leo Lithium’s project Goulamina is located.
Battery Metals supplier Jiangxi Ganfeng Lithium Co Ltd was tipped to look, given it already has a $US170 joint venture with Leo Lithium.

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So, is this the real reason for the current sp?

LLL Price at posting: 49.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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