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Elements of the BOD SAID they "spent massively at Morilla on...

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ramAustralia

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05/07/24

18:04

Post #: 74630848
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Originally posted by 52570: ↑

Its weird to me...

Just putting it out there - BGS shareholders injected a massive amount of money into Mali during my time as a share holder (BGS, MLL, FFX, LLL).

From the time we acquired the Goulamina project and developed it in the BGS days - like ongoing Driilling to get resource numbers, 1st Feasibility, social permits/studies, donating to local social 'initiatives', infrastructure. And the time we mined the two gold deposits at the Massigui project , giving tax revenue to Mali - One was Ntiola, but can't recall name of other...yes not a huge amount of revenue at the time (lowish POG and resource), however it was still taxable income, tax for Mali. ( Granted some of those studies like the feasibility , don't actually see much money spent directly into the country).

Then we spent massively at Morilla on similar things including massive drilling campaigns and resource improvements and the refurb of the plant .

I don't have the figure off the top of my head, but it is well and truly into the Hundreds of millions of dollars.

Anyhow...we are essentially out of Mali now...

ALL IMO

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Elements of the BOD SAID they "spent massively at Morilla on similar things including massive drilling campaigns and resource improvements and the refurb of the plant ", but did they really or were all the reports a fiction?

FFX Price at posting: 20.0¢ Sentiment: Sell Disclosure: Held
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Elements of the BOD SAID they "spent massively at Morilla on...

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Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Vulcan appoints investment bank and M&A veteran to board

Utah authorities sign off on Anson's lithium extraction plans at Green River

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

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