Ann: Government of Mali - Update, page-46

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ramAustralia

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23/08/23

17:45

Post #: 69508069
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Originally posted by ozblue: ↑

So the current BOD only have legal reps dealing with the govt, and the only member of the current BOD that has met with the govt is leaving in a week anyway...

" In addition to the exchange of letters, Managing Director, Scott Lowe has met in person with representatives of the Government on two (2) occasions including meeting the previous Minister of Mines, Energy and Water in Toronto in March 2023. "

Which means the current BOD is only connected second hand by legal reps, so no real difference if new people take up the positions.

The current BOD still has not bothered explaining why something written down to zero can't just be placed in the hands of voluntary admin to wind up Morila SA, with FFX having no liability. Surely the govt would understand this, so allow a sale for $1. Unless of course there is something big the existing BOD have never bothered to inform shareholders about, which means porky's told along the way.

I can't quite see anything in this announcement that couldn't have been announced well before the 249d happened, which might have helped keep shareholders informed as per the obligation they only now seem to be interested in. Funny how once under threat the BOD can suddenly communicate. LOL.

Realistically, this announcement is just more desperation by the BOD as they can see themselves being voted out, exactly as should happen IMHO...

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"Porkys along the way" ? Like perhaps the company PRE-DEMERGER was already insolvent? Where did investors money really go to?

FFX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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