Game Time, page-156

A couple of things on the hypothetical $0.20 per FFX share.
Personally I doubt there will be much cash remaining post paying all the lawyers, subsidising the Government's "preferred" contractor and what else it is the Government wants.

The value will only be in the LLL shares and sundries (opinion).

Example:
100,000 FFX shares will net you 17,500 LLL shares (1 FFX for .178 LLL) @$0.20 per FFX = $20,000
17,500 LLL @$1.14 (current SP) = $19,950 - where will the LLL share price be when escrow expires?

Regardless of whatever LLL eventually release when they come out of suspension, I expect there will be at least a 30% drop in the share price in line with the Lithium sector, to which commentators over on the LLL thread will quickly attribute all of it to the FFX/Mali Government overhang.

I would also expect VanEct / State Street would jump at $0.20, along with all the other larger holders, as indicated by the recent vote.
~ At $0.20c VanEck (after selling their in-specie allotment of LLL shares) would be almost at break even (my calculations) for their venture into this company.

I would anticipate that some shareholders that supported the 249D would rethink their positions pending what the "purported" offer is, some would probaly take $0.20c to see the back of this debacle!

As @JSB007 posted, the timelines would have the payment well into the new year. The company have already flagged there could be a delay to the original "Corporate Transaction" being completed this quarter but we will get an update at the end if not sooner.
~ with the current situation Company v Mali Government, if the directors thought that the proposed change of the Board would have been destabilising to all the negotiations, I shudder to think what this is doing.

Where will the dice land?



cheers