LLI 0.00% 13.0¢ loyal lithium limited

LLI General Discussion, page-20

  1. 2,385 Posts.
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    https://hotcopper.com.au/data/attachments/5610/5610112-80dd13ac8a959eddadf038ff27c5a57c.jpg
    This was from August and I believe it was to remove the escrow of shares recently issued, I'm guessing so Youssa (no 1 LLI holder) can sell some of the shares issued in lieu of payment for Hidden Lake. A change in holding was issued for Youssa but it indicated an increase in holding (from 13,550,000 to 14,240,000) via participation in the recent cap raise. The % has gone down due to dilution but there doesn't appear to have been any sale. LLI has repeated the process in September to remove the escrow of shares, so will be interesting to see what happens going forward. I assume, like all of us, Youssa wants to take advantage of good news. At least there hasn't been a flood of sale by the major SH who really wanted the cash rather than shares.

    Trieste assays are due to be reported and drilling is also due to commence this week (end of September). Should be some (good) news coming.
    Last edited by malibu_tan: 27/09/23
 
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