FFX 0.00% 20.0¢ firefinch limited

Ann: Trading Halt, page-95

  1. 9,206 Posts.
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    Unfortunately, unlike so many posters here, especially non holders, I was not a party to the contract so don't have a clue if we are fully responsible for whatever tax is in dispute. I also wasn't an accountant that did the books for Randgold back in 2017, so can't help there either.

    Gee we're lucky to have so many well informed experts that had all the access to documentation to make a(n) (mis) informed opinion on what exactly is going on.

    I'm still prepared to wait and see what the announcement actually states.

    However since so many are speculating, I'll just add my little bit from different angles...

    *Firstly if this is just the Malian tax dept trying one on for a large sum, it will do the country harm, as western investors will be more reluctant to invest in their country. You either want investment or you don't. Africa is full of this type of sovereign risk, it's why such a great deal we received was not accepted by the market like a deal in WA would have been..

    *Secondly, assuming a large tax bill, then it clearly shows the mine is capable of producing large profits from tailings and our satellite pits, which is positive for the future.

    *That is just an observation, I'm NOT suggesting a large tax bill, just playing out the scenario..

    For @Roller62 and @rainbowdaisy  go and find out how much it costs to move a tonne of copper concentrate from Kolwezi to China via Lobito. That number, before taxes tells you all you need to know.
 
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