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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-47

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    @nicwix
    Morilla SA broke. Nobody wants to give us money, and besides we don't want to take it at the cost they would want to give it anyways.

    BOD just giving themselves a BIG pay boost on the way out, and their mates, the employees time to sharpen their resumes and apply elsewhere.
    Once everyone is sorted over there to their utmost satisfaction they'll put Morilla SA into admin and admit this is a completely dud project.
    It can probably run at break even over the long run if MEIM and Mali Gov want to keep it going for the jobs, and contracts. But there's never going to be any profit in it unless the price of gold is over $1950. How often is that the case? See below. Even the $1800 pit shell price is rare.



    https://hotcopper.com.au/data/attachments/4787/4787942-b8ff9f37d0efb89e833cc186b4e290ad.jpg

    Last edited by WoodySpoon: 28/10/22
 
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