FFX 0.00% 20.0¢ firefinch limited

Ann: Finkola Mining License Granted, page-6

  1. 3,448 Posts.
    lightbulb Created with Sketch. 809
    You picking up at first glance weird setup for Koting also DPR.

    "The process to transfer the mining licence to a single purpose Malian company (the Company), as required by Malian legislation, will now commence. The Company will initially be a 100% owned subsidiary of Firefinch and will be a separate standalone company to Morila. However, the State of Mali has a right to receive a 10% free carried interest in the Company, with an option to purchase an additional 10% at fair market value."

    Suggests that just maybe they are expecting Koting to maybe grow into something a tad bigger than currently identified.
 
watchlist Created with Sketch. Add FFX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.