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25/09/24
11:02
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Originally posted by WoodySpoon:
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I actually think the Junta mean well, trying to get the best deal for Mali they can. Modelled themselves on Sankara in Burkina Faso. Just taken it so far that they'll kill investment in exploration. (As well as killing locals as their internal security policies are failing too). Obviously the relationship with FFX was poisonous from the moment we went bust. We deadset wasted money on the in-country manager (on top of crazy drilling programs & plant upgrade costs) who could not have been worse at his job if he were actively trying IMO...Someone with big connections must have lost out on the mining services contract and napalmed us. How else to explain the complete lack of consideration for the huge amount we put into Morilla trying to keep it going, and the in country programs....they treated us like criminals. I'd deadset consider putting the LLL share money back into Morilla now at the current gold price if it were actually feasible with the Junta (it's not). We'd salvage more than the 3.5 cents we are going to get now if we're lucky.
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Totally agree with your middle paragraph Woody. However, I couldn't bring myself to point to Mali on a map, let alone invest another cent into that cesspool of corruption & greed.