LLL 0.00% 50.5¢ leo lithium limited

General Discussion, page-9131

  1. 6,791 Posts.
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    Further to my previous post and rather than just throw out perceived innuendos to "the big seller" offloading 3 weeks before the suspension.

    There is no guessing needed on who you are indicating, being Borg, although you are hesitant to mention a name - typical of your BS "balanced" contributions to discussions whereas, it gives you an avenue to "back out" of your claims as him being the person you are suggesting!

    Let's have a closer look at the sequence of events/announcements surrounding this major bug bear of yours.

    Brendan Borg disposed some of his holdings to satisfy tax obligations, as he disclosed in comments on X, he did this over a 4 day period starting on the 23 June and concluding on the 28 June as per the "Change of Director Interest Notice" released to the market on the 28 June
    https://announcements.asx.com.au/asxpdf/20230628/pdf/05r2h13wn7yfbt.pdf
    Further to this, the shares were sold outside of any closed period as per part 3 of the notice.

    Subsequent to this, the Company released announcements that IMO would not be indicative of any impending problems/issues, (in fact I opine they would have been more a catalyst if anything) with the Company's Goulamina project being (in order of release);

    30 June; Leo Lithium produces first DSO, Offtake process set to commence
    + early revenue for DSO remains on track for Q$ 2023 targeting the export of 185 kt prior to first spodumene concentration production in H1 2024
    https://announcements.asx.com.au/asxpdf/20230630/pdf/05r460xdxldx0q.pdf

    14 July; Goulamina Mining Services Contract Awarded to Specialist West African Operator
    + Corica Mali awarded open pit mining services contract at Goulamina, worth approximately A$520 million over a 5 year term
    https://announcements.asx.com.au/asxpdf/20230714/pdf/05rmn3jyqdl0cy.pdf

    Brendan Borg, being a director of the Company would have been privy to these near term potential SP catalyst announcements but yet he still sold.

    As disclosed by the Company, they received correspondence from the Government of Mali after COB on the 17 July, subsequently requested a pause in trading prior to the market open on the 18 July, followed by a Trading Halt request.

    I would suggest that everyone from the top tier of management down to the cleaner would not have anticipated this considering that the Government was amicable to the DSO until there was a change in Minister?

    cheers
    Last edited by fooca: 02/01/24
 
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