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fooca

7,274 Posts.

4866

20/08/23

11:58

Post #: 69440638
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Originally posted by manny100: ↑

In relation to the suspension i think there are 3 possible scenarios:
1. Talks end well with no change to the status quo,
2. Our licence is revoked and we are granted a new license under the new mining law,
3. Shonky behind the scenes maneuvering by various parties and our license is revoked with no hope of renewal. Clearly the worse case scenario with low probability but never the less is a scenario until we are given more information. The FFX debacle however keeps this scenario alive as it would have left a very bad taste in the mouth of Mali. No further comment on this scenario.
We will know more tomorrow should Simon provide us with more detail. Its looking like a continuation of the suspension.
This bloody well better end up ok.

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Hot off social media .. .. .. .. before tomorrows lifting of the suspension or a continuance?

Regarding LEO's suspension and Lithium DSO, Mali has a VAT exemption for the first 3 years of any new Mining operation. If LEO starts earning income from the DSO portion of the mine, it triggers the Exemption when there's going to be a 12 month cashflow void between operations. So Simon and team are negotiating the VAT for the DSO portion.

cheers

FFX Price at posting: 20.0¢ Sentiment: None Disclosure: Held
21 Upvote

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Hot off social media .. .. .. .. before tomorrows lifting of the...

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