Hold or fold21 Jul 2022 17:34
Sorry for the inaccuracies
Just trying to generate an exchange of ideas about the next 12 months.
The truth is LLL ( LEO) lost more 50% of it value within 15 days of coming to market.
Little recovery has taken place, they have changed CEO
Remember this is a company with 255million dollars in the bank ready to develop the mine.
Yet the market is not backing the share. Clearly a long term investment.
FFX after demerger obviously lost value back to 20 cents. (FFX just received 38million dollars for shares Sold to LLL) interesting.
Those who held on to FFX shares or invested In LLL would now be sat on a loss.
The parallels between KOD and FFX are striking. If it is believed that Gangfeng have an option,
Match the best offer and your in the JV, then most likely they will be involved. The point l was hoping to make in the previous post Gangfeng are not miners. Are Kodal miners?
The best would be a three way JV Gangfeng and large mining company and Kodal as sleeping partner. Lump sum plus 9 years guaranteed income.