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Ann: Response to Market Speculation, page-72

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intelseb

3,505 Posts.

186

09/12/21

10:22

Post #: 58181578
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Originally posted by WoodySpoon: ↑

No chance of an acquisition now IMO. There is nothing in the area to feed into the plant we don't already own. And no reason I can think of to purchase anything else NOW (prior to the demerger, and prior to gold being profitable) for what would be a multiple year plan.

To me this represents unreported huge cost blowouts at Morilla - Is the main pit far more work than anticipated? Going to cost them $70 mill more than reported to dig it out?

Either way it's very hard now not to see Alistair's Morilla plans as a complete failure for anyone that held Mali Lithium shares. Would have been far better off just going into C&M for 9-12 months. We'd have 50% of a $4 billion NPV project and less than 400 million shares.
Instead we've gifted millions to management and their mates to make us worse off.

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Yep it sucks should have stayed with the lithium

FFX Price at posting: 75.5¢ Sentiment: Buy Disclosure: Held
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