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Views on Leo Lithium (LLL) following their project sale

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Question asked 24/05/2024

Views on Leo Lithium (LLL) following their project sale

Hi Team, Keen to get your opinion on Leo Lithium. Their shares have been suspended for a while now but it looks like they could be reinstated soon with the sale of their Goulamina project to Ganfeng for a share price equivalent of $0.43. They will be cashed up but without a project. I doubt you would be actively looking at adding these to a MM portfolio but would value your views on whether there would be any point in an existing shareholder keeping these shares when they are reinstated? I don't see a catalyst now for a share price increase and the investment might be better moved into Pilbara or a bit riskier Arcadium.

Answer

Hi Dean,

LLL hasn’t traded since September 2023, that’s a long trading halt! Its very hard to guess here the stock will reopen after such a long break, our first thought is lots of people will want get out asap.

We wouldn’t be considering LLL, we believe there are far better alternatives in the space especially at the current depressed prices. We bought Liontown (LTR) this week in our Emerging Companies Portfolio & own Pilbara (PLS) in our Active Growth Portfolio.

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Leo Lithium Ltd (LLL)

LAST UPDATED 23/05/2024 18:07

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