A few things in regards to Morila SA and approval for a transfer of ownership.
1: How can the government approve a transfer until there is a successful bidder?
"The Company is also pleased to advise that non-binding indicative term sheets have been executed with a number of a suitable parties for the purchase of the Company's interests in Societe des Mines de Morila SA." ~ as per the Shareholder Update released on 2 June.
2: The Commercial Court of Bamako proceedings has been deferred until July (no specific date)
~ as per Fraser's comments at the AGM
~ what impact does that have on a binding agreement being submitted?
3: Mali Minister of Mines resigned 2 days ago.
https://www.marketwatch.com/story/mali-s-minister-of-mines-resigns-amid-energy-crisis-bbf39823
cheers
- Forums
- ASX - By Stock
- FFX
- Ann: Shareholder Update & Extension of voluntary suspension
Ann: Shareholder Update & Extension of voluntary suspension, page-226
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FFX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online