News: LLL Ganfeng Lithium's Unit To Buy 40% Stake In Mali Lithium, page-147

Hopefully the inferred JV can be announced and marketed as soon as possible whist LLL still in suspension, to pique market interest to invest once LLL relists, in turn enabling the SP to be maintained and supported/increased during the period from re-listing to when Tranche 2 is received.

Noting from the FFX ANN that the Tranche 2 Consideration actually accrues interest from the date that Tranche 1 is due:



GF may hold out paying Tranche 2 until 30 June 2025 as it could well be worth paying the interest, pending the scale of the production ramp-up, or it could be paid sooner to run a line through the whole FFX Morila / LLL Goulamina debarcle and allow both parties to move forwards with the future JV, as alluded to as a possibility in previous LLL ANNs... the vagueness of previous ANNs during the radio silence is now starting to make a bit more sense.

Looks like GF & LLL have initiated a good working relationship - we're the whore on the ground to get things up and running and then they take over, but at least whoever decides to retain LLL to see this eventuate would know to jump ship after they've made (and banked) their initial profits so not to be put in the same position again. At least the next JV appears to be suggested as being on Australian soil, although there is still sovereign risk anywhere in the world in today's climate.