When the dust settles on this debacle, there will be one clear winner, the Malian Govt.
Ganfeng will be happy to have increased their ownership for what will prove to be a very modest outlay when measured across the life of the project.
LLL holders will be upset at being forced to hand over more of the project to settle an issue not of their making. P!ssed off but relieved to be able to relist and move forward.
FFX holders will be totally P!ssed off to be screwed by everyone over Morilla and the Malian Govt over Goulamina. The Leo holding will never reach full potential through LLL having to reduce ownership percentage.
Just my view as a holder of FFX and LLL
Ann: US$65m for 5% sale of Goulamina and Continued Suspension, page-141
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