Australia's largest stock trading and investment forum Australia's #1 stock forum

FFX firefinch limited

0.00%

20.0¢

Ann: Government of Mali, page-120

First 120 Last

Share
Profile

Follow
simons77

831 Posts.

222

04/08/23

11:26

Post #: 69156924
Share

Originally posted by camban: ↑

I suspect the FFX board/management whisked away all of the cash in the Morila SA bank accounts in an overnight sweep in late June/early July, at the same time the ill-fated sale of LLL shares at a colossal loss was actioned. Leaving local mine management with no working capital to pay the bills. It was probably a legitimate transfer that FFX was fully entitled to do, but whether it was the “right thing” to do is probably still open to debate depending on how you view FFX’s role as essentially a cash teller machine for what increasingly seems to be an unaccountable, uncontrollable Morila SA entity.

*If* this is in fact what occurred, I can see why new ESG-oriented NEDs joining FFX anew would’ve been appalled, why locals are miffed, and why remaining staff on the Morila SA payroll are angry. Add to that question marks and suspicions over the former mining minister and I can also see why the Mali Govt is probably enraged.

Expand

https://www.afp.gov.au/what-we-do/crime-types/fraud/fraud-and-anti-corruption, it is time to call police

FFX Price at posting: 20.0¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

HZN

Crickets as Horizon Oil unveils new project picked up in Thailand

DES

DeSoto lands key exploration rights for Syncerus gold project in Guinea

PSC

Prospect Resources: Replicating the success of Arcadia with ~1b tonne copper ore target

Week 31 Wrap: Oz core CPI @ 2.7%! But here come tariffs. Again. Next Friday

Why a Fed rate cut could obliterate your super – and no one's warning you

I88

Infini Resources appoints Rohan Bone as CEO ahead of Phase 2 campaign

LKO

'Rising demand': Lakes Blue Energy starts well-timed Wombat-5 gas drilling

BGL

Market shrugs off Bellevue's 'conservative' FY26 guidance

AFP

AFT Pharmaceuticals outlines shareholder value focus in 2025 AGM

EMC

Everest Metals dips as company clocks low gold grades at Taipan, WA

First 120 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Ann: Government of Mali, page-120

Top Stories

Crickets as Horizon Oil unveils new project picked up in Thailand

DeSoto lands key exploration rights for Syncerus gold project in Guinea

Prospect Resources: Replicating the success of Arcadia with ~1b tonne copper ore target

Week 31 Wrap: Oz core CPI @ 2.7%! But here come tariffs. Again. Next Friday

Why a Fed rate cut could obliterate your super – and no one's warning you

Infini Resources appoints Rohan Bone as CEO ahead of Phase 2 campaign

'Rising demand': Lakes Blue Energy starts well-timed Wombat-5 gas drilling

Market shrugs off Bellevue's 'conservative' FY26 guidance

AFT Pharmaceuticals outlines shareholder value focus in 2025 AGM

Everest Metals dips as company clocks low gold grades at Taipan, WA

Featured News