Its likely that Mali are demanding that FFX use all available assets to pay down Morila debt and transfer Morila to their choice of $1 buyer.
In a legal sense FFX are not liable fir any Morila debt.
Its also likely that Mali expect LLL to pay any balance of the unpaid debt that FFX is not legally obliged to pay.
Mali are withholding import duties taxes etc from LLL likely to total around $US50mill by plant completion which is not part of the deal LLL signed up for.
Its no wonder that this mess has made no progress towards agreement.
The pressure will be on for an agreement to be reached once LLL production gets very close. No winners if production is delayed.
IMO agreement will be reached before LLL production commencement.
Add to My Watchlist
What is My Watchlist?