Ann: Government of Mali, page-152

  1. 7,868 Posts.
    lightbulb Created with Sketch. 652
    Look like the LLL suspension is definitely related.
    Mali government doesn't agree with FFX' proposal of walking away from Morilla Gold Mine without any further contribution. they wants some more fund from FFX to "resolve Morilla SA' remaining issues", FFX can't just cut the tie and walk out of this country.
    Mali Government is capable to seize FFX' interest/shares in LLL, until they are satisfied.

    I'm afraid a large chunk (if not all) of the free cash that we hoped can be returned to shareholders, will be taken by Mali Government.

    Never been easy to do business in Africa.
 
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