You have, its in the quarterly .. .. .. .. .. .. As daz has just...

  1. 7,269 Posts.
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    You have, its in the quarterly .. .. .. .. .. ..
    As daz has just said, the Company had a buyer lined up until the Government refused to sign a deed of sale as they wanted their preferred buyer?
    More fuel to add to this debacle, more lack of disclosure by the FFX Board. .. .. .. ..

    pfffffft

    Cannot trust anything this board say, including returning the LLL escrow shares back to shareholders.
    ~ you can forget about any return of cash! they will be after rehabilitation costs, and more than likely the original close of mine plan and agri-business to be funded.

    Daz, they get 6% royalties on gold sales - so shutting down the mine doesn't make sense! but has anything?
    Last known official production figures was for the September Quarter 2020, a record quarter since Firefinch acquired Morila, of 19,744oz.
    Included in that total was also a monthly record (August) producing 8,122oz.
    19,744 x US$1,945oz (average for the quarter) = royalties of US$2.3m
    Unofficial (social media), the Morila Mine produced 10,100oz of gold in December, a record monthly production since acquisition.

    The revised LOM plan had a target production of 10,000oz per month, 10,000 x US$2,000oz = US$20m = royalties of US$1.2m per month.
    They obviously don't give a shit about workers eh?

    It will be all over soon, either way.
    Last edited by fooca: 22/01/24
 
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