LLL (ASX) General Discussion

Originally posted by fooca: ↑

I do understand that you are currently in a financial sticky situation but;

re: "(sic) ...... before and if we resume trading on the ASX."
~ IMO, you have succumbed to the relentless dribble spruiked by the ilks of kikker and joshual, specifically the rubbish about the ASX making LLL jump through hoops before being readmitted to quotation. The ASX were not satisfied with the responses from the Company, using their discretion they placed LLL into a suspension not at the request of the entity.
~ nothing sinister about that, in fact, I agree with the Company for not disclosing confidential information as the negotiations are incomplete, and the ASX should have the same information afforded to shareholders. After all is said and done, basically (IMO) the Company were following the Listing Rules of continuous disclosure - specifically 3.1A.1 ... ...

re: "(sic) .... to now seemingly overnight to a less than great relationship with the Mali Govt.... (sic)"
~ unless you are getting information from another source, I do not know why you keep claiming the relationship has deteriorated?

re: "(sic) .... with the green light for a few DSO shipments ...(sic)."
~ there was nothing officially agreed (in writing?) other than a nod? wink? or other?
My personal view being, although it would have been nice to "test" the route and logistics, port warehousing, loading facilities, etc would that have come at a back end cost? As in, (from memory) there is a 3 year holiday from royalties & lower taxes from start of production, would the DSO have been construed as that start point? Thus we will have wasted a year of the holiday period before reaching name plate production?

Just from my understanding (being minimal) of mining codes of Mali, an establishment agreement does not override a mining code, it is more the degree's that offer some form of understanding that you operate under the mining code at the time you were granted the exploitation licence.

cheers

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Hey i have those two posters you referred to on the 'ignore'. Have had for ages now...as with quite a few others. So i only sometimes see replies to posts ...

As for the relationship with Mali. My point is that the relationship did change when the new minister was appointed. Now perhaps our relationship is improving - however, we are still in suspension. So i base my thinking on that; eg; there must still be some disagreement on some issues otherwise we would be trading on the ASX.

On the DSO. Posters such as RedBarron did point out that it may not be any loss to us really if we lost that opportunity. Indeed we are very close to actual spod production now. LEO Management were very keen on the DSO and must have known re the (potential) royalty and tax situation...There were numerous LEO presentations outlining the DSO proposal - the ministry surely must have known...

As for the ASX putting us into suspension. That was just a box ticking exercise from them IMO and as I understand it, we requested a trade halt before the ASX weird announcement. And agree, we don't want to disclose to the market anything that is non- factual or would prejudice or negotiations with Mali. The ASX has egg on it face on this one - they most of all , know about misleading the market!

Anyhow - hope we are out of suspension soon and we can put this water under the bridge...

ALL IMO