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But was the money stolen in Mali? Could be it never got there...

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ramAustralia

32,208 Posts.

134

01/11/23

12:20

Post #: 70664748
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Originally posted by 52570: ↑

'It sounds silly, and probably is. Are we able to assume that the people now collecting the gold from Morila are the same ones who made off with $200 million. Does the corruption in Africa run that deep, and is it that organized that perhaps the government doesn't even know who is involved, or if there is any. 'This is something I have not wanted to post publicly - however I too have suspected something a bit 'off'.

Many millions of dollars of Share holders funds was spent on the refurbishment of the plant - dewatering the pit - the list goes on. Point is, it was share holders who primarily have lost money here.

But when we suddenly needed to raise money (again) and then we sold some of the LLL holding for (can't remember) less than half the cost ... and then tried to sell the re4st of the LLL holding and then a director saying (something like) "we were trying to ascertain the state of the finances of the company...

ALL IMO

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But was the money stolen in Mali? Could be it never got there and disappeared in Perth or one of those tax havens.

FFX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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But was the money stolen in Mali? Could be it never got there...

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