This board MUST distribute the cash and escrowed LLL shares back to shareholders and a decision regarding this should be made as soon as practical.
The existing board have NO mandate whatsoever to to consider new projects or otherwise unless they are able to recoup some $$ for the sale of Morilla itself, which appears less than likely.
The cash on the books belongs to shareholders who supplied the $$ for a completely different purpose.
The existing FFX board have no business considering any other hair brained ideas or opportunities.
Further, it is evident that there is pretty slim pickings of high quality directors and executive management in WA at present, and there isn't an ounce of credibility in the current board to be able to attract anyone of the ilk required to commence a new direction for FFX and new exploration projects.
FFX Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
