General discussion, page-9402

  1. 4,903 Posts.
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    Ok. One thing is getting at me a wee bit ...is that immediately prior to the new Mining code and also the new mining minister taking over, is that all our messaging at least to LLL share holders, was that Mali Govt. and mining minister were very happy with the Goulamina project and LEO. The DSO was full steam ahead... it was all go.

    At the time it definitely seemed that some people on the Mali side were unhappy about FFX more less withdrawing from the Morilla project because we simply could no longer fund it into production - even after spending in the hundreds of millions of Aussie dollars refurbishing the Morilla plant , carrying out a sheet load of drilling to prove up a growing gold resource, de-watering the main pit etc etc.

    Then when the new mining minister took over, some folk suggested that his academic background would be a good thing since he should have a better understanding of the mining industry etc.

    So then I thought that surely The new mining minister would recognize that FFX had spent a huge amount of money (of which all share holders have completely lost), trying to turn the Morilla project into something resembling its past production. Main point here is that it is FFX share holders (funds) that have essentially been lost , with NO prospect of any return. Mali Side Never lost a penny.

    So how can the Mali side then seemingly wonder 'where the money went'?
 
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