Doing a fantastic job to all involved, website looks...

Doing a fantastic job to all involved, website looks great.

there’s one question that had been burning in my mind which I cannot get a response about. I’m not totally sure if this is what you are after, but a question non the less.

FFX is currently operating on two fronts, Treadstone sale and Morila ‘sale’.

Now broken down, the Treadstone sale of LLL shares/ remainder of the company, if you believe what they say, is to create liquidity and value for shareholders. Whilst I highly disagree that this will result in anything of value, you can argue that operating front is working in the interest of shareholders.

however, I cannot understand how the Morila ‘sale’ is in any way in the interest of shareholders due to the overstated ‘nominal value’ valuation tag it has held since early on. Honest question, how is shareholder money being sunk into a process that will deliver nominal value in the interest of shareholders? why can the deed not be given back to the government and walk away?

Im willing to keep an open mind here, if they say it’s to save in country face for LLL due to the close connection between the two, I would say, even if you are a FFX holder holding no LLL shares, it would be in the interest to save face as your main value within FFX is LLL shares. This is perhaps the only reason I can think of as to why we continue to pump money in knowing every dollar spent is further sunk capital. Whilst it could slightly hurt LLL in the immediate term to hear the government still sees the connection, shareholders in FFX deserve to know. (To be honest, I actually do not think this is the reason)
It’s not the responsibility of FFX holders to maintain face for international trade within mali as a whole.

Why are we involved if not just for something to be strung out in quarterlies? Our apparent continued involvement in a few years time appears to have no value in relation to my holdings or life within mali, however could be a decent mark on the boards in country resume if they can pass on the project somewhat smoothly to a new operator… by why do I care about that?

This may sound harsh however if it is for a moral reason, like saving the jobs / livelihood of the locals, I’d argue shareholders as individuals have the right to decide on how their money is spent and that includes ‘charity’ donations. Sounds horrible but for this reason and lack of information on individual shareholders individual economic / personal circumstances, it is not in the interest of FFX shares holders to fund this. It is for individual shareholders to donate money if they choose to help locals in mali or anywhere in the world for any organisation, but it is their choice, not the choice of the higher ups in a collapsed gold company shareholders happen to be invested in in a project that the board proudly states they walked away from.

Additionally, the site has managed without us, even if it continues to be faced with issues… why are we involved?