Won't be surprised if some potential buyers on the sidelines were waiting for Malian insolvency to kick in.
Locked in Contracts will be worthless for MEIM, they likely will be happy with outstanding funds. Makes it easier to pick up for a buyer without that baggage.
$50m US Cash could get it, plus some non cash liabilities.
Considering near $115m US has been spent there since Nov 2020 could be a bargain for someone who has an experienced team - 0N THE GROUND in Mali.
POG $1712 USD at typing will help.
To be honest it would do us FFX holders a favour if picked up quick, takes the pressure off LLL, and the LLL sp Rises, no lingering legal issues.
Win Win to a degree.
Downsize the company and plonk a drill bit somewhere and we are an explorer again that can trade on the ASX.
Let's see.
FFX Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held