Leo seem to be doing the right thing by everyone now, it's not logical to trade without knowing all information. This is why I was surprised they began trading last time, they would have known there would be a sell-off. These negotiations at the moment may have given them more leverage if the price was still $1.14 - and especially if any company was potentially looking to use these delays as an opportunity to lob a bid.
It's a great project, and I'm unsure why the Malian government do not follow the Ghanaian example, and create a sovereign wealth fund and then invest $50 million of it into Leo, because this is the way for them to maximize their investment in a mining project, rather than potentially cumbersome over-taxation. The government of Mali may also be taking advice from the wrong quarters, namely Russia. I hope they are not being duped by the false promise of Russia building them a gold refinery.
We can only be patient, and hope they are on-the-ground in Bamako and having fruitful and honest face-to-face discussions with the new government mining bureaucrats.
Gw
- Forums
- ASX - By Stock
- LLL
- General Discussion
General Discussion, page-8587
-
- There are more pages in this discussion • 2,208 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LLL (ASX) to my watchlist
|
|||||
Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $605.4M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
LLL (ASX) Chart |
Day chart unavailable
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online