Posted this over on FFX. According to the recapitalisation Ann...

Posted this over on FFX.
According to the recapitalisation Ann 21/9/22 creditors were:
MEIM $US23.4mill owing to be converted to 6 cent shares,
Other creditors totaling $US4.89 mill to converted into 6 cent shares, and Creditors to be paid from the cash raised totaling $A15 mill.
So $US23.4 + $US 4.89 = $US28.28mill, conversion 0.67 = circa $42.2 mill plus $A15mill= TOTAL DEBTS circa $A57.2mill as at Sept'22.
Having a look at the Arbitration Ann its the mining contractor allegedly using dodgy equipment that is making the claim. I wonder whether FFX will lodge a counter claim??
You can bet their $A31mill claim is loaded up with interest and BS thrown in.
Just to pisx me off i happened to see the 31/8/22 Ann " Morila Resource Increased by over 1M ounces" while looking for the $$ owed to creditors.
As it turns out the BS compo paid to Mali $US60mill could have covered FFX debts easily with change left over.