@kaiseriqbalWhile you can pull together numbers to come up with...

@kaiseriqbal

While you can pull together numbers to come up with potential SP based on the transaction and possible revenues in the future, the main issue I have with this and based on the market’s response to the last announcement is the loss of control.

Ganfeng will now have if this does occur a stake 50% greater.

LLL will have all the risk of operating in Africa yet will they have any real say on how things are run now?

I doubt it.

Ganfeng have an obligation to Ganfeng shareholders and will do whatever is in their best interest’s.

The $65m USD is excessive if this is what is required to fulfil funding shortfall.

If we were to put $50m USD of that into the JV, Ganfeng would put in $75m USD.

That’s a lot for a project that was fully funded even if their is another $50m in duties etc,

I can’t see institutions being keen on LLL as a lone asset company with such a minority stake.

Once you have sold the stake there is no going back.

The announcements when it arrives will be very interesting.

IMO