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50.5¢ leo lithium limited

Petition to LET US TRADE, page-23

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52570

4,715 Posts.

509

25/10/23

12:22

Post #: 70527262
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Originally posted by 52570: ↑

First thing is ...Primary responsibility is with me - I shouldn't have put all the eggs in one basket for a start. And then i should have sold a few at the Dollar mark.

With FFX I wanted to sell some or even the whole holding, but hesitated , then only a week (i think) later (after LLL listing 1st day), FFX went into halt and the rest is history that many here know almost to well. For the first 6 months or so I hoped I'd get some cash back out of FFX - but the company is well and truly dead. We may see a return on the LLL holding asset that FFX holds - but its been well over a year now and nothing has been forthcoming.

With LLL - the Goulamina project is so wonderful. every thing with the project was going fantastically well. We got a lot of cash from GF in a cap raise and our SP was going up really nicely. I thought if i just wait a little longer - i could sell a few at $1.50...there is a lot of M and A going on in the Li mining sector , LEO had a really good outlook with plans for a secondary processing facility plant and looking for more projects to develop with GF...

AND then Mali Govt. started moving the goal posts - we went into 1st trade halt...should of sold some even at 50 cents when we came back for a couple weeks...but then , back into trade halt and suspension with Mali Govt. people moving goal posts still.

Goulamina is a wonderful project but I've always known that Mali is high risk. FFX and LLL were high risk plays for me - I took the risk ultimately. And taking that risk nearly paid off. I waited patiently for the de merger...but should have sold FFX before then and bought LLL cheaper than IPO price. Still I was happy to hang on especially seeing the LLL SP rising quite nicely leading up to the 1st trade halt.

So yeah...I took the risk buying into FFX and the extremely high risk strategy of having 99% of my portfolio in FFX and thus LLL. However I am truly sore at what has transpired with FFX with a suspicion that I do not want to say . I am very sore at Mali Govt. people for moving the goal posts on LEO - we have the establishment agreement with Mali Govt. for the Goulamina project , signed under the previous mining convention. And Mali officials played the company , telling us that everything is fine - we had the green light for the DSO.

In the early years of the Goulamina project, FFX spent a lot of cash developing Goulamina , such as initial drilling for an initial resource, scoping study, DFS, bankable DFS. Through my small holding in FFX (as a total percentage of FFX), it was some of my own cash in the form of share holder funds that went into both Morilla and Goulamina and i participated in cap raises to fund the development of Goulamina. Some of the cap raise money went of course, to The Morilla project too. Mali accused FFX of losing some money at Morilla - when in fact if anything it was share holder funds that were lost. Mali never lost a cent. FFX share holders have lost everything at Morilla.

But my point is that FFX shareholders funded Goulamina right through its development with large drilling campaigns employing (I think) Mali nationals and We had/have a Mali country manager paid for with FFX share holder funds. LEO is responsible for getting funding for Goulamina - all as the initial result of FFX share holder funds being invested in the Goulamina project.

Summary; it was my decision to invest - that's entirely on me. However, I'm very sore at what Mali Govt. people have contributed to the current situation with LLL in particular.

ALL IMO

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But yeah...I need a miracle.

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