@Tiges72 (sorry reply not working)If we take the Board at face...

  1. MM0
    241 Posts.
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    @Tiges72 (sorry reply not working)

    If we take the Board at face value and agree that there is no liability from Morila, I'm not exactly clear why it's (so) important to the Board to transfer Morila's permits, nor in any case how Mali could stop FFX selling its ownership of Morila Limited in Jersey to another interested party.

    I am therefore left to assume either the liability risk has been understated in the disclosures and announcements, and/or Mali have greater leverage over FFX than has been clearly announced (either a plausible legal route that could place FFX's other assets at risk if it doesn't satisfactorily resolve the issues Mali has raised regarding Morila, or a plausible influence over LLL in turn impacting FFX's holding but LLL has not announced anything like that either and presumably would have also received correspondence either from Mali and/or FFX if that were a risk).

    Alternatively there is some other explanation, other than risk to FFX assets, that has yet to surface as a motivating factor.

    On the sale front, I think Morila and the other permits would be an absolute steal for a small cap right now: I'd invest in whoever got them for nil after the hundreds of millions that have been already invested exploring and obtaining multiple exploration and exploitation permits. Finkola alone is probably worth a few tens of millions which is multiples of some small caps.
    Last edited by MM0: 23/08/23
 
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