As you say, It was a good webinar.
Lots of snippets you won't get from a bulk standard PPT presentation, especially fairly open with the Q&A. Well managed overall by FTI in my opinion.
Use of containers, allowing more truck beds available to transport one and the not trucking at night.
I was thinking they were going at snail pace for a 6 day turnaround. Now it makes sense, for good reason. Peoples safety in villages with no lighting.
Those tipper trailers in the photo don't come cheap, makes sense to have other options until the trucking companies build up enough confidence to invest more in those, is my thoughts.
Maybe thats an area we can look to invest with the S of ESG. Just a thought, lighting in villages at night on the route, certainly in Mali.
Trucking is a big component of the FOB pricing so should be worked on to reduce.
They answered 3 of my 4 questions. One of which was the buying of LLL shares on or off market. Its un restricted as you said
@8horse but he did seem to have to think about it. I want to see that bit again.
I also asked about the finance facility. Sounds like hard to get outside a Mali / African bank. If the DSO price is good we are home and hosed.
I also asked about the selling spec / recovery. I expected SC6 to be the main goal but this could change over time if Peter recovery rates. Lets see.
Quite rightly he tried to setter clear of FFX as much as possible.
At this stage its like script hing off a scab that is not quite healed but close and baring raw flesh again.
Overall feeling fairly happy.
GLTAH
(20min delay)