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Ann: Response to ASX Aware Letter, page-85

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intelseb

3,495 Posts.

186

05/08/22

12:32

Post #: 62944076
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Originally posted by manny100: ↑

The gold is there at Morila - fact - and will increase materially with the resource/reserve update due soon.
It all hinges on the right leadership in place. Investors will 'get' the gold bit they will just want to be happy with the leadership.
It is possible as another poster said earlier (cant remember who) that if all the updates due soon line up we get an offer to Buy Morila 'lock stock and Barrel plus exploration ground'. We would get script in the 'proven' acquirer and together with the LLL holding operate as an investment company with minimal costs. That would be worst case scenario but if we could squeeze out $A200/300 mill on top of LLL holding we would do ok in a few years.
Investors will focus on the value of the gold at Morila. There is gold at Koting and drilling there has barley touched the surface.

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I'll take what I can get at this point

FFX Price at posting: 20.0¢ Sentiment: None Disclosure: Held
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