Current office headcount?, page-9

Investing (specifically) in ASX listed "penny stock" Companies has been not only an eye opening experience over the years but also intriguing.

I starting building link profiles that was initially because of Frank Timis / Tony Sage / Peter Landau connections that came out of a common address (Parliament Place) Perth. Then came the Sage / Brewer / Boardman / Ahmad / GTT Ventures / Sixty Two Capital / Bin Lui / 1620 Capital links across multiple companies to the now "new" kids on the block being the Ahmad brothers / Markovic / Pevcic / Diab / Pervez / Sixty Two Capital / Martin / Bogunovic / Chunyan Nui -- with some mentioned having links to birth places, but most all taking positions on company boards and/or in consulting and/or lead manager roles.

Point of all that dribble is, that now and again a name will pop up, this time being Kevin Joyce so of course I was interested in his work history post leaving BGS but more specifically him appearing in the below recent information as it includes Harris the General Manager of Finance (which was post Plant ceasing employment in Nov) He also worked at Placer Dome Asia Pacific (time unknown) Gordon was the Managing Director there as well, whether during their appointments they crossed paths I have no idea. It also highlights (to me anyway) that directors / geologists / etc all at some point regurgitate around the same penny stocks?

@dazaliam this one shows the same as Firefinch's current address (if they haven't abandoned the place yet)
~ also, the release of the Interim Financial Report that was expected to be released this month is beginning to look like a non event with only Monday & Tuesday left ~ but this was being compiled by a third party so it is out of their control right?




It is only a wild guess, but could they be using Joyce's expertise on the other Mali tenements (being the ones outside of Morila) that could add to any sort of attractiveness of the Morila Mine in their attempt to offload it all? and/or as part of the strategic review to get the company re-admitted to quotation by reverting back to being an explorer over the Dankassa & Massigui tenements? buying time for FFX shareholders to be part of the return of capital (specifically) the escrowed Leo Lithium Shares.

~ there has been no progress update on the transfer of the Finkola exploration licence to a single purpose Malian company and is a stand alone company seperate to Morila. This licence covers the Beledjo - Koting deposit that had no previous mining and hold substantial quantities of oxide ore available for blending with the fresh ore from the MSP. It will also allow the K2, K3, K4, K5 and other prospects to be included onto the licence.
Preliminary work and a surface grade control program had been completed and was to be used in the update to the resource model prior to mining, the company's intent was to enter into an at arms length agreement for the mining/hauling and processing through to production of doré with Morila.
~ as much as this seems fruitless in the current position FFX is in, it could also aid in the sales pitch to offload the Morila Mine? by highlighting using it as revenue source in a tolling agreement with Morila?

~ as a note to this, IMO by the time the strategic review process is completed any return of capital (cash) will be severely depleted by way of consultancy fees & salaries, retention of enough cash to satisfy the ASX asset test? (if applicable), retention of enough cash for working capital which (my interpretation) is for corporate, administrative, wages & salaries (etc) plus a (published working budget) ie: funding (as an example) for drilling programs on the remaining tenements (if used for re-admittance) and/or an acquisition and working budget to progress any acquisitions, and an M & A budget for complimentary asset acquisitions. The remaining tenements still require a minimum spend allocated to them for them to remain in good steed, the Mali Mining Cadastre lacks information of the required minimum spend is as well as a submitted working budget (required, but I don't know if that is on an annual basis?)
~ it is also IMO, I highly doubt shareholders will see and return of capital via a cash per share payment.

As for his other work history, he done a four year stint at Resolute Mining as the exploration manager in Mali (who were also large shareholders of Firefinch on the acquisition of the Morila Mine) but again, what time period I don't know.

Cheers

@GARETH78 or anyone, a component of financial reporting that does continually baffle me is "Consolidated", for an example:
Consolidated, Item X for 2020 has a figure of $100, and for 2021 that figure is $200, does that mean that $100 was spent on item x in 2020 and $200 was spent in 2021 or the $100 spend (2020) was the total spent on item x for all previous years and the $200 (2021) was an increase of $100 spent in 2021? Does that makes sense, or do I need to buy another bottle of wine and try again lol.