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Did we ever have the mine? Seriously, where is the evidence that...

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ramAustralia

22,596 Posts.

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13/05/24

12:09

Post #: 73795107
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Originally posted by john_utah: ↑

My point was in reference to LLL.

FFX have 17% of LLL, they had even more before they desperately dumped a heap.

The worth of that holding has reduced significantly due to these government issues, which is a direct result from the decision to pull the pin on Morila.

Even if Morila is worthless, it would have been better leaking money into it while exiting gracefully, maintaining the value of the LLL holding.

instead we have no mine, $11 Million being paid to government, and a holding in LLL worth almost half of what it was distributed at.

So yes, we were better off before they pulled the pin.

Remember they lost millions selling the holding they initially bought for ~70c or whatever it was.

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Did we ever have the mine? Seriously, where is the evidence that an entity controlled by FFX ever purchased a controlling interest in the Malian company that actually owns and runs the mine.?

FFX Price at posting: 20.0¢ Sentiment: Sell Disclosure: Held
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