This is a clear presentation that clarifies the company...

This is a clear presentation that clarifies the company structure after post GF 5% acquisition. It clearly shows the effective ownership if the Mali government takes up another 10%. There is no ambiguity. 45/55% Leo/GF at MLBV level, 10% (or a further 10%) Malian government at MLSA level. No mention of the touted Malian government rights to 35% from the new mining code as some have espoused here.

Also clears up the project capex showing the existing and available options for funding. CR looks very unlikely despite what some believe.

The mention of the correspondence with the Malian government and where we are over a few slides shows transparency. They didn't put it in fine print, or try to sweep it under the rug. They also acknowledged the LLL/FFX elephant in the room.

There's a clear outline of the project milestones. There's also mention of a reserve upgrade coming up this month.

All in all, I think this presentation is very well done. It's clear and concise, and the project is trucking along nicely despite the hiccup recently with the Malian government. We now await formal responses from them. We have the green pastures in the horizon, but need to clear the smoke in front of our eyes to see them.