And we still don’t know (both Leo and Firefinch shareholders) what exactly Firefinch did! We have no clear disclosure on what dispute or issue or scrap Firefinch was involved in that supposedly hurt Mali. FFX had been pouring hundreds of millions of dollars into refurbishments, local employment and community initiatives. Mali was doing great out of it. The subsequent decision the FFX board took to “walk away” from Morila was, according up them, because they had suddenly “lost control” of the mine and the ability to direct staff. This then precipitated a 100% writedown in the value of the asset.
Nobody knows definitively yet how FFX got to that point. Its been massively glossed over and, arguably, cloaked in secrecy. Yet we’re all paying for it - both FFX shareholders and LLL ones too. It’s pretty scandalous really.
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