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04/09/23
21:47
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Originally posted by franky1:
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Ok, so where is everything at that we know about. 1. FFX have not updated the market regarding ongoing discussions with the Mali Government. 2. LLL have ruled out any transaction with FFX. 3. The J/V look like paying up to $50 million dollars in extra duties and taxes that aren't supposed to be levied. FFX payback anyone??? 4. Until Morilla is sold and that's looking precarious, who in their right mind would consider making a bid for the LLL shareholding with what's going on right now on both companies fronts in Mali?? Honestly, the board should put this to bed and stop wasting shareholders funds and come out and declare that the LLL shares will be returned to FFX holders pro rata in June next year.
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With today's decline, additional tax expenditure and loss of revenue from DSO, long term share holders have once again lost out.