Ann: Resignation of Non Executive Directors, page-113

  1. 220 Posts.
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    Best case scenario Michael Anderson leaves, followed closely by old Alistair Cowden, and especially the latter from LLL as he has no business there.

    They needed a mining executive running this anyway, not a stupid geologist who wants to dig holes and spend 10s of millions for absolutely zero benefit (either short or long term). He has contributed nothing to FFX and cost it millions in cash, and share holders collectively 100s of millions in value.

    This thing had a fixed LOM, dig the gold up, pass on the profits and dissolve it. Didn't even need to spin off the lithium. Too late now, but Mike and Alistair both destroyed this project. LLL could be a decent enough play but still wouldn't touch it with Alistair crowing around.

    Morilla might be done.

    They should pass the 20% of LLL pro-rata back to shareholders (as of previous de-merger date) and you would make your money back on that way before you see value with this dog.
 
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