If they had a deal worthy, they wouldn't need to have a back up plan ready, the mention of a "back up plan" is solely to appease the shareholders (Lowes words, "there are many" that want to wait) they (expletive deleted) ignored when they embarked on the Corporate Transaction because "there were many" that wanted liquidity now, so there is a group A and a group BB
Jeopardise what alternate proposal?
By their own admission, all they have done is made contact with the ATO for a ruling.
To have an alternate proposal, don't you have to have a primary proposal?
Can you please enlighten me what that is?
Correct me if I am wrong, they have not got the wheels in motion for returning the escrow shares, they have only made statements of intent!!
~ you do realise they are the same board that told us we were funded at Morila until 2024?
~ you do realise that they are the same board that sold LLL shares at a loss of 35% right?
~ you do realise they are also the same board that requested Leo Lithium Limited, submit a request to the ASX to release the very escrow shares that are the subject of discussions.
Correct me if I am wrong, Lowe has more than once mentioned the 80% Morila SA sale will need to be completed before the Corporate Transaction can conclude.
Correct me if I am wrong, but the Company started the negotiation of the Sale of Morila SA back in early December 2022 when they engaged Treadstone Resource Partners, and as such has spent millions and millions of shareholders assets on Corporate Expenses to what end?
Correct me if I am wrong, how can Fraser be a negotiator if he only designates 2 days a month to Firefinch business before he wants to start charging Corporate Consulting prices? and that is in my best interest as a shareholder?
~ Is that the formula to be a director of FFX? 2 days a month?
~ Are those hours consistent with ALL the directors of FFX?
~ I think I will self nominate for a directors role
May I suggest you get information from other sources as well, the Morila deal is far from close, (IMO)
Although the purported West Africa mining contractor, (previously discussed on HotCopper may alleviate the current problem, but only when they get approvals?
https://hotcopper.com.au/threads/ann-quarterly-activities-appendix-5b-cash-flow-report.7477312/page-48?post_id=68778001https://hotcopper.com.au/threads/ann-quarterly-activities-appendix-5b-cash-flow-report.7477312/page-56?post_id=68783213After speaking with Dr Traore, FFX's Malian environmentalist on the purported problems at the Mine. He disclosed, Happy to heard from you. Yes, definitely Drissa and team manage Morila as much we can up to now. After almost one year struggling with the production and community complant because they couldn’t understand realy what happing now we reachkng a critical point. Short of available resource no mining contractor to go deep so now our last option was to turn over to the authorities for assistance. The slurry inside the pit is the main issue. The Government is awarded since the begging and after sent many invitation to Firefinch board to come on table no answer so now they are decided for moving to the next step.
Hope those explanation provided you more details for better understanding! We remain confident that Morila will still run for a long moment Thanks
