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Fooca,
The governments free share/stake is how they receive their royalties there is nothing else in addition.
Their right to purchase share is entirely different - but that involves a payment from the government for that share.
I hope you shareholders in Leo Lithium still make a good return on your investment.
Fooca/Dazaliam.
Leo lithium 8/9/2023 Africa down under presentation
Leo lithium received from the government correspondence in these areas:
DSO (ore)
Status of government carry free stake
Overall progress of Goulamani project
Firefinch / Morila Gold mine. - hence supposed to be no connection, obviously the Mali government think different - their legal team?
Latest comm:
Execution of settlement documentation with the Mali Government will release your first tranche of funds.
Settlement with the Mali government continuing to remain in good standing will release the second tranche.
The company will provide an update when a settlement has been reached.
Not quite sure who you are disagreeing with, Leo Lithium, the Mali government or just the use of individual words.
0777, can't see any on the horizon, Bernard gave a video update, everything on track.
Can't see the mining office seeing our licence transfer as urgent, we are building the mine and won't start mining until the year end, plus we can mine as we are. Leo Lithium are continuing too, but do seem as if they owe the government a lot of money - so that may be seen as important.
The mining office in Mali is focussed on this gold ore clamping down in the mining code update last year, so they will be focussed on gold not any other material.
Unless Bernard has been looking further at the gold offer submitted with the lithium offers I can't see any major news arriving in the following weeks.
But to be honest in our current situation no news is good news really after the last update. Look at some of the horror RNS messages the other lithium companies have received, mainly more borrowing another may be waiting for a life or death RNS this week or next.
Sleepy
1. The Kodal that many of us researched, and can still be seen on the outdated website, was hoping for a spod price of 680 dollars per tonne, with a tail wind that was predicted to increase this price a little each year. If it reached 800 dollars we would have been ecstatic. Good money can be achieved on these figures.
Newer investors have completely different lithium figures in their minds and understandably are disgruntled.
2 It is at least 10 months until production a long time for some investors.
3 Hainan operate in steel, lithium at 800 dollars per tonne would be high margin in comparison and they need lithium for their lithium plant. The money is in our subsidiary in the uk of which we own 49% it can't be taken away.
Leo Lithium through Firefinch has a legal battle regarding the Morila goldmine, it was supposed to be a clean break, but money was set to go back to shareholders which is the basis of potential liability. Ganfeng has nothing to do with the gold mine. Which is why any costs will be out of the Leo Lithium side. On top of that they did not complete the government's royalty (government's share of the mine) which is incredible and just to make things even worse, appeared to be going to sell thousands of tonnes of ore without changing their licence.
Moving it under the samples allowed on the same type as our licence. You can find all of this on the leo site and in interviews.
But apart from the leo interviews, presentation and RNS this is not fully in the open and there are ridiculous rumours everywhere.
4 more of your thoughts than a question
Rory, I know what you mean.
However if a million tonnes of production was lost due to mines no longer able to operate on those margins and closed.
But the market has only dropped 800,000 there is opportunity through demand for the lower cost production mines to fill that gap of 200,000. A mine is operating or not, it is not like retail selling of third party product. So it cannot exactly follow demand, it has small variability otherwise on or off. It is difficult to start up again too.
If low cost extraction mines keep expanding and filling demand the high extraction mines will never get back in.
Demand moved to high efficiency low cost production. For low cost production mines that is an increase in demand for their product.
The mine closures can't exactly follow supply needs and conversely if demand picks up it will be difficult to keep aligned.
Rory, what you mean is overall lithium demand does not increase in that scenario.
However demand for efficiently and low cost produced lithium will surge it has to, because it has to replace the high cost extraction lithium which can no longer be produced. That falls into our market.
I am not sure that you would describe the low sale of supercars because most can't afford them as constrained supply.
Kodal was the amalgamation of two companies, one with the name Kodal, Bernard covered it off in an interview which was more centred on him.
Kodal had some Norwegian interest, the Goldfields I believe are from Bernard's company.
Best go back and listen to the interview.
Suay Chin I believe chickened out of Bougouni and then the company settled into the current direction and, as far as I am aware dumped a few other projects on the way.
The history is all there if you are stuck for something to do.
Rorydino, it does if all of the higher extraction cost mines close down - they don't switch on like a light.
Supply would be behind demand - relatively demand is up for low cost producers in this scenario of which we are one.
SorryJW, if amongst the pages and pages of bashing and tripe you have written, that most of us skip over, you got something right, which most likely was just a downward share movement, not exactly a prophecy, then well done heres a gold ⭐
But really that is for your mum to do for you as this is an investor board.
Ps don't forget your packed lunch.
Hope, it is not for sure that it is, but looks like it, it is a high extraction cost source of lithium.
CATL have the contracts many of them with fixed prices, or capped and collared payments, if they are closing the higher cost existing lithium sources this will be a car crash for any new high extraction cost mining operation, current or in the pipeline.
Thankfully we are (very) low extraction cost as are Leo Lithium next door. We can still make big profits on the current lithium price and lower.
It will be interesting to see how this unfolds but ultimately it will lead to a surge in demand which may be difficult to fill.
If this is correct there will be more casualties.