Ann: Government of Mali, page-209

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24/08/23

18:34

Post #: 69533818
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Originally posted by MM0: ↑

Great work - a quite different and original take at understanding it as well!! Looking forward to your next piece.

Something definitely doesn't quite add up for me when I've been running numbers, but more work needed before I can get my head around what's confusing me and post anything useful / ask any useful questions.

Does not help not having access to the financial statements of subsidiaries. Reads like the most recent auditor didn't have sufficient access either.

I'm also quite interested in the gold data. I just cannot work out how they ever thought the production numbers would meet target, and how it appears they could have allowed so little buffer in their approach that a couple weeks of bad results blows everything up. I mean it has to be one of the most unlucky coincidences of any company on ASX to demerge the valuable assets and have them trade for only a day before hearing everything else is liability-ridden, struggling to be solvent, and ultimately needs to be written off. And for that to be sparked and unrecoverable by a weekly report variation.

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even if missed targets, 273,00,000 AUD in gold sales (if that is the correct amount approximately) shouod have been more than enough in addition to Firefinch contributions !

ps not a coincidence.

FFX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

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