Disappointing in that every resolution result was almost exactly...

Disappointing in that every resolution result was almost exactly the same, which gives the impression that a couple of big institution holders banded together to vote as a block, hence the similarity in the voting figures.

It would have been a positive move for the company if at least one of the alternate nominated directors was elected, better if there was at least two though, because there is no rule that says the company cannot have 4 or 5 or 6 directors, which would have made the company meetings interesting.

What happens now?

The Malian government won't allow FFX to sell it's stake in Morila S.A. (at the moment). FFX seems to be in a stagnant bind, waiting to see what the international lawyers can come up with, and Treadstone as well, and soon to be without an MD, and no guarantee that Leo shares will be protected and distributed.

We need some clarity, at both FFX and LLL, the current processes are very time consuming and stressful.

It seems now like nothing more can be done, except wait, and so these things will have to take their course, with limited shareholder input unfortunately, except for future votes on company sales and schemes of arrangement.

Thanks to all the alternate nominated directors and helpers and funders, you did well to get almost 38% of the vote, which is more than either the Labor or Liberal parties get in first preferences. Big institution voting blocks are always difficult to beat.

Gw