My speculation for a while has been that something dodgy went on with the whoever was running Morilla SE (don’t forget its 20% owned by the government). Maybe they were handing out money left right and centre to the local community as implied by Gwahlier, or the local contractor was over charging and racking up spurious claims on FFX. Let’s not forget they prepaid their taxes too. But given Leo’s future depends on not upsetting the government, they’ve been in no position to protest. The government’s current attitude to Leo (linking it with FFX) lends credibility to this too. Sometimes the simplest answer is the right one - ie the current mob were out of their depth in Mali and got played. But again all speculation by me in the absence of meaningful information.
FFX Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
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