May I ask what you think the task is at hand other than:
Waiting until escrow expires
Keeping the spend as low as possible to preserve capital in the meantime (e.g. hopefully less than $1.7m/qtr), which may require reviewing and/or terminating some current contracts if possible to reduce burn
Lodging all relevant documents in a timely manner (has been a little lacking recently)
Returning the cash and shares
Closing down the company
And which of those tasks would actually be personally directed and/or actioned by Directors vs. simply ensuring there's a couple of competent professionals dotting i's and t's and overseeing it happens?
For me, the only reason I could possibly imagine a burning argument for keeping the Board, who seem on announcements to be focused on items not in that task list, over the proposed group who, for all the gaps you mention, seem highly personally invested, plausible, and I feel are more likely to transparently follow the plan above, is if:
(a) you believe the current Board have specialist African mining experience, in particular related to negotiating deals of sale and exiting ownership
(b) you believe that such skills are going to be necessary to get the cash and LLL equity back in hand for shareholders because a sale of Morila (which we're advised we've already lost control of and written off) in addition to all other Mali assets for nominal consideration is necessary to avoid impact to either FFX's cash/escrowed shares, or LLL
And if we believe (b) then we have to accept that the current Board, the ones we're at that point trusting to have a further go at it, have not been sufficiently transparent with us because despite what has been announced it is (in the world in which b is true) necessary to sort all that out if we want the other unrelated assets (cash and LLL shares) to be returned safe and sound. And if that were true, I'd consider that the Board had misled me as an investor.
So to your point about options, the way they look from my perspective is:
I can give an invested group a go at running what should be the relatively routine set of tasks above that as far as I can tell the current Directors are less focused on than continuing spend on Morila. On this pathway I agree the proposed Directors appear inexperienced if we were still an active international mining company, but it appears we are no longer that, nor do the listed tasks seem to me to require particular personal attention and skill from the Directors who I'm confident would be capable of that list.
Or, there's more work to be done, that despite what has been said Morila has to be sorted if we want anything back, that if that is the case I would believe that I have been misled as an investor, and I need to accept in that scenario that the people who I would feel I'd been misled by are the best placed people to fix it all up
Is there another lens I'm missing here in which we need experienced ASX Directors with specialist African mining experience to sit on escrowed shares, keep the paperwork solid, keep the spend low, and return the assets to shareholders as soon as they can?
