The risk with LLL is much higher imo. Mali does not rate as highly as Ghana for geopolitical risk according to a UK trade website I referred to. From memory the spod has to pass through 2 other countries to get to the port over a distance exceeding1000 km from memory.
I believe Wagner mercenaries are present in Mali. They're in bed with the Chinese too in a dodgy jurisdiction.
https://www.theguardian.com/world/2022/may/04/russian-mercenaries-wagner-group-linked-to-civilian-massacres-in-maliI was tempted to take a short term punt on Leo but what happened to AVZ made me reconsider.
I think the above are some of the reasons why Leo under performed for so long and may not achieve the valuation metrics of other less risky producers.
Good luck to you. I hope it all works out.
These are the reasons I invested in Atlantic instead of Leo.
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