Ann: Government of Mali, page-14

Raises more questions than answers. What does the Mali Gov hope to get out of FFX continuing ownership? Don't they realise the company is skint?
Do they not realise the company sank more than $200 mill into the project for zero return and that it's not in a position to fund any more losses?

Why would they prevent a new owner from running it? Do they think the new owner is of a mind to close it and sell the plant off?
If that's the case - surely they must realise nobody wants to run a loss making enterprise - given Morilla SA has been for sale for the best part of a year with no takers....


Seems to me they are just stamping their feet and refusing to admit reality.


Did the MD we paid $750k to, for less than a year's work not make one trip over there the whole time to explain the situation to the Minister????
If not he should refund his salary.


Real shame we can't immediately distribute the LLL shares, return the cash and close this company down.