"With FFX expecting to be cashflow positive next year and its...

"With FFX expecting to be cashflow positive next year and its 20% of Leo expected to bolster the heft of FFX’s balance sheet, Anderson views the demerger as an avenue to growth for Firefinch as well as Leo.

“It gets to be valued as a pure play, we expect to be cashflow positive next year,” he said.“And the Leo investment provides, if you like, a bit of a war chest for our own M & A ambitions.

“We are setting our stall out to become the next mid-tier multi-asset gold producer in West Africa. That’s a pretty exciting proposition for people.”