No MD worth anything at all is going to come in and agree to chasing a $200 margin on the POG in Mali and that's if all goes perfectly - when there is a perfectly viable alternative of not doing that - and retaining SH value.
Having the LLL shares gives the company options. If we had no choice, then sure, roll the dice like RSG and their $1425 AISC. (Result below) Anyone think destroying current holder's LLL holding is worth $4 mill net profit a year? Whats that per share? 0.1 of a cent in the new structure. LOL
FFX Price at posting:
20.0¢ Sentiment: None Disclosure: Held