FFX NPV Calculation - Morila Alone, page-74

He did say they have all the assays back from Koting, as it's mostly infill drilling I doubt they'd release the results. I think they'll upgrade the Resource and announce that. I'd guess being fairly small it would take a couple of weeks to do that (depending on the 3rd party's work load) so I'd expect that within the next week.

As far as the appointment of a Merchant Bank to extract value from Goulamina, he did seem more definite on that. As I posted previously I think something fairly concrete has popped up in the data room which has delayed that. It is a fairly tight ship with news held close to their chest. The Doc was in Mali in February '20 doing DD etc on Morila and we didn't even get a sniff of it.

I did wonder why they announced they'll demerge, appoint a Merchant Bank, then say they'll announce the details of the appointment in a few days. I suppose it does give us 2 announcements instead of one, but with the delay it's not a good look. That's why I think the announcement 15 days ago was a means of putting a bit of pressure on a party in the data room.