scroll

What are your thoughts on Leo Lithium (LLL)?

Advanced Search

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

Ask a question

The Latest Q&A

Question asked 26/06/2025

What are your thoughts on Leo Lithium (LLL)?

Hi MM, What are your thoughts on LLL please. They suspended trading 2 years ago and I am holding on to quite a few shares. Appreciate you only provide general advice, however would appreciate any market info or foresight you have on the stock so I can work out what to do with my holdings. Thank you.

Answer

Hi Hans,

I’m afraid there’s very little one can do with LLL with the stock having been in suspense for more than 18-months:

In May 2024, Leo Lithium agreed to sell its remaining 40% stake in the Goulamina project to its joint venture partner, Ganfeng Lithium, for US$342.7 million.
After the sale, as of December 31, 2024, LLL held a net cash position of about $268 million.
When LL went into suspense at 50.5c it had a market cap. in excess of $600mn which feels extremely optimistic today.

Its hard not to be sceptical when lawyers and directors are still being paid but shareholders cannot crystalise their loses and move on. We are not sure what comes next with listing rules & regulations likely to be an issue if they re-open without a next chapter. Patience may be needed we’re afraid.

chart

Leo Lithium Ltd (LLL)

LAST UPDATED 25/06/2025 16:35

Latest Reports

Weekend report 28/06/2025

Weekend Q&A: The ASX is knocking on the door of all-time highs, with one day to go

The ASX200 finished the week up just +0.1% after Friday's sharp, almost 100-point reversal lower from early highs, led by the banks, taking the index back towards the 8500 level. However, under the hood, not everyone danced as one, with eight of the mainboards' eleven sectors retreating, led by energy and utilities, while the advances by the heavyweight financial and resources were enough to ensure the index closed positive, albeit just:

Afternoon report 27/06/2025

The Match Out: ASX fades through the day as commodities rip, banks stall

The day kicked off with a promising +50pt open though it was short-lived as a steady rotation from the banks to resources swept through the market after a supposed resolution to US-China trade negotiations was reached triggering a –90pt swing from start to finish as we closed at the low of the day.