I don't expect LLL to trade again until we're close to, or at...

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siberiancactus

220 Posts.

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16/12/23

11:16

Post #: 71484116
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Originally posted by Gwaihir: ↑

Well, Russia has promised to build Mali a gold refinery in 2024/2025.

The Russians are trying to convince the Malian government that they are being cheated on gold taxes and royalties by corrupt foreign international gold companies.

The Mali government will then pass laws that require gold mining operations in the country to get their gold refined at the Mali refinery. ALL gold miners will have no choice. It's going to be interesting to see what happens to the share prices then.

The UK Guardian reported that the Mali government is paying Wagner 8 million British pounds a month for security and materials and other services. Putin is now bleeding the poor old Malian government dry. The Guardian also reported that payment was sometimes made via the gift of a gold mine, but the Russians were also now interested in acquiring other mines, in other resources.

So the Malian government is paying all that money to Putin (and let's not kid ourselves who it's really going to, now the richest man in the world), when the UN and France had ten (10) times more peacekeepers in Mali and it was all provided for free. This had me doing all kinds of thinking, most of it related to (IQ) intelligence quotients.

I would accept 70 cents a share for my Leo shares in a heartbeat.

However, I don't think Ganfeng are going to fall for that one, especially when they probably think they will get them for 20 cents or less when Leo starts trading again.

I do hope the leadership at Leo are at least moderately intelligent enough to have in place, a plan A, B and C, as well as a potential executive transition plan should it be required.

I'd like to know how many of their executive and managerial personnel are actually living permanently in Mali, given the recently advertised HR managers job was advertised as FIFO, but they won't release that information, or very much else.

So yes, I'm hoping against hope, that maybe Ganfeng will make a 70 cent offer - yes please, because I am sick and tired this charade.

Gw

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I don't expect LLL to trade again until we're close to, or at production. At that stage, 20c a share is incredibly underpriced and laughable IMO. That's a MC of ~$200M AUD and values the entire project (at a pessimistic position) at <$700M AUD. Given we have a very low cost of production, we are in a very advantageous position to weather through lean times versus other higher cost producers.

Honestly, 20c a share? I'm curious how you came up with such a number...

LLL Price at posting: 50.5¢ Sentiment: Buy Disclosure: Held
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