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50.5¢ leo lithium limited

News: LLL Ganfeng Lithium's Unit To Buy Up To 5% Stake In Mali Lithium, page-8

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dazaliam

6,200 Posts.

2013

18/01/24

00:22

Post #: 71933194
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Originally posted by zzya1979 ↑

Not sure how the 5% was counted. 5% of mine or 5% of JV (likely). Best: Mali Gov (20%), Ganfeng (48%, 60% of JV) and Leo (32%, 40% of JV). Worst: 35%, 39% (60% of JV) and Leo 26% (40% of JV).

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Simplified = Started jv 50/50 then went 55/45 and if this news is confirmed = 60/40 in favour of gf before Mali deductions. That means 20% of our bit has been sold whilst we have been suspended and unable to jump ship. Huge dilution.

LLL Price at posting: 50.5¢ Sentiment: Buy Disclosure: Held
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