Posted by @GARETH78 on LLL thread .. .. .. ..
An invoice is issued.
FFX pay $100m to the Govt. to be able leave the country.
A copy is issued to its subsidiary LLL.
FFX BOD Says NO.
I say ......
The MOM still thinks the umbilical cord hasn't been severed? with a copy issued to its "subsidiary" LLL?
Tell em there're dreaming, or even better tell them to take it out of the gold sales revenue that "us" 80% shareholders in Morila SA are entitled to then?
Can't expect us to pay the bills if we are not getting the revenue?
Where is this information of a $100m payment coming from? is that US or AUD lol, shakes my head .. .. .. ..
From the recapitalisation package we had creditors with circa $30m? plus a further $5m of aged debt that didn't want equity? We should counter with a invoice for circa $252m spent on Morila .....
FFX BOD should be expediting paying out the majority of cash to shareholders before they do something stupid with it . .. .. .. ..
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