General discussion, page-9543

If the Company, that continually claims to be working;
~ "in the best interests of Firefinch shareholders" ; and
~ "took steps to reduce spending to preserve cash reserves"; and
~ "as previously stated, (numerous times) if it becomes apparent that there is no reasonable prospects of a successful corporate transaction within a suitable timeframe, the company will commence the return of assets to shareholders"

Anyone perplexed? I am, because I fail to understand, due to a lack of information, why the Company hasn't progressed returning capital to shareholders by way of an equal reduction of capital from the cash reserves on a cash per share basis.

~ (as bolded above) what is a suitable timeframe? -- it is coming up to 12 months since this process started
~ if there is a corporate transaction (one day) surely the cash assets aren't part of any SOA? so why can't those cash assets be returned now?

Currently (as per the quarterly) the Company has $33.5m in cash, I understand that accounts will be need paying (Treadstone, Gilbert & Tobin, Lawyers representing the Company in Mali, etc)
There are 1,182,846,577 SOI x $0.02c = $23,656,932 which would leave $9,856,068.
+ $2,000 returned per 100,000 shares held.

In the whole scheme of things, a $0.02c per share return of capital may mean little (as in overall loses) but it would indicate that the directors are actually working for the shareholders of Firefinch but it would also reduce what we have at our disposal for any outlandish monetary requests from the Mali government.
~ honestly, (opinion) we are not going to see any outcome from the sale of Morila (if there is one) this side 2023, given that it needs shareholder approval (minimum 4 weeks notice)
~ as for the corporate transaction (if there is prospect of one) will be that close to the LLL shares coming out of escrow (approximately 122 days to complete from announcing the SOA) add in LLL having its own hiccups I highly doubt (opinion) there would still be a prospective bidder for Firefinch.



We also need to drop (bolded) this out of any announcements,
In the best interests of Firefinch shareholders and other Morila stakeholders including employees, the local community and the government.
~ the Malian government does not give a brass razoo for the interests of "other Morila stakeholders" otherwise they would have signed over the deed to the company that Firefinch proposed.
~ Without being privy to any deal with the "alleged" buyer I assume they were willing to work with the "other creditors" to pay down debt?

It would be naive to think that neither the mine management nor the government knew of the debt owned, specially the Mine Manager!
~ also consider that Morila SA took actions to the court to stop debtors making claims? ( I can't remember the full details)

cheers

~ why are we pussy footing around? are Firefinch directors working more in the best interests of the shareholders of Leo Lithium than they are for their own shareholders?

~ some FFX shareholders may not hold LLL share, why would they care?
~ why isn't VanEck jumping up and down of the spot? - they couldn't give a sh!t about Leo Lithium (the company or the shareholders) as they don't own any LLL shares.