As far as I can tell, we need three things to bring back the investment thesis for this company.
1. Final capital outlay to production and subsequent dilution numbers. 2. Mine plan and production profile. 3. Trust in executive, management and operational teams.
This response to query is either telling us that they didn't know about problems, or did know and are currently dip, duck, dive and dodging their way out of it. Not sure which is worse. I would hope that they haven't lost control of the Mali contingent. However there is something clearly deeply wrong going on. Either way, what work is going to be done to bring back the governance and transparency?
It is such a pity to see Liz and Naomi resign. Red flags aside, they seemed like exactly the sort of corporate leadership this company needs.
FFX Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held