Getting rid of Morilla is necessary, and good that it sounds close. But for nominal amount is highly depressing and a real blight on the reputation of Cowden & Anderson given what they were saying about the project right up till the end.
Not even an NSR to hand over a plant and resource we put $200 mill into and all the ground surrounding it? We can't even ask for 1.5% of any future sales?? FMD Both Anderson and Cowden should face bans on being a director of any asx listed company if this is the case.
I hope the vote they put to shareholders on the sale of FFX gives us a clear choice between a. Company sale at x cents per share, OR b. distribution of funds, and LLL shares once escrow ends.
FFX Price at posting:
20.0¢ Sentiment: None Disclosure: Held