FFX. My opinion. FFX stopped funding Morila abruptly, leaving huge debts and Mali want to know what happened. Its likely just incompetence and inadequate supervision but Mali likely suspects more.
Mali is also at loggerheads with FFX as Mali have their preffered $1 buyer who is different from FFX 's preffered buyer - hance standoff.
LLL - LLL say its the DSO and issues raised but not disclosed to the market for confidentiality reasons.
I suspect Mali is trying to take advantage of LLL to cream $$$. Bit of FFX revenge? But that is just a guess.
Lots of rumors flying around since this all started. Early on i was told by a financial industry person that Mali and GF were plotting to get LLL off the project. Unsubstantiated of course. Turned out those leak proof discussions just led to GF getting an extra 5% of the project instead of 10% of LLL with GF reaffirming support for LLL.
Then recently i heard that leak proof LLL was heading for a raise. Not long after a poster claimed site flooding could lead to a cash issue. So i was temporarily concerned and checked the Project Finance dated ann 14th Sep. Turns out pics by other posters reveal that not to be the case.
I never post unsubstaniated rumors that i hear as they usually turn out incorrect and incite fear.
The whole point of this LLL post is that no one really knows what is going on at leak proof LLL. Its all speculation.
Not knowing is a major cause of all speculation in any endeavour.
Add to My Watchlist
What is My Watchlist?