"Why not get it all over with this fin year?" Because we might...

"Why not get it all over with this fin year?"

Because we might get more cash out of Leo via FFX than directly if Leo are shutting up shop themselves.
The operating losses on the books, the large capital account at FFX...Don't throw that away like an impatient child if it can wrestle some money back for us.

We might end up getting our 17% of Leo back in full as a return of capital.

I think it makes sense to get some tax rulings on FFX from the ATO and make an informed decision then.

Hell if Leo closes in July/August we might even consider buying the Goula royalty off them at Boxing day sale price as it's going to be impossible to sell to anyone else without being proven and regular income. Even if just to hold onto it for two years and sell once proven. We might do that by buying Leo back after they distrubute all other assets.

I think there could be numerous creative ways of wringing every cent out of this Mali experience rather than selling the royalty for 20 cents on the dollar and just handing 45% of our Leo money to the ATO. I hope our BOD are looking at all options.