Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-100

The red flag to me was the setting up of the commission.

Governments do not do this unless they know the outcome, think "Yes Minister".

Now FFX walked away and have been steadfast in all announcements since that this was legal. Rightly or wrongly the Mali Govt clearly has issues.

LLL likewise has always insisted that both companies are seperate, pretty much in every presentation & webinar since listing. Again Mali Govt clearly has issues with this.

Like many here I think it all comes down to $$$ wanted. Rightly or wrongly.

Keeping in mind that not all LLL holders own FFX shares, so there is potential ramifications for LLL to even get involved with any kind of settlement.

Can understand why GF decided to invest in the JV not LLL. The Tax's and DSO is a sideshow in the scheme things of such an enormous project.

If we are under the new mine code again so be it, I am not sure arbitration is a good idea. Hell the current SP is pricing LLL owning 15%. Price LLL at 29% would be a good outcome.

Like I say I hope I am wrong and things are worked out in a timely manner. LLL will have a lot of work to do to rebuild its investment credibility, you need short term traders to move an SP higher, and I think they will be in short supply for a while.

Same goes for into. Acorn Investments a good example of selling out their position. They will not be back in a hurry.

GLTAH