Thanks Red, you are right regarding the dam.
Whilst LLL has way more than enough cash for working capital until cash starts coming in from sales, unexpected large CAPEX costs cause a problem.
Hence, holder worries when issues are floated.
If there was a material issue, it would have had to be announced or at the least included as an after quarter issue in the quarterly.
In any case, the ann 14th Sept gives the proposed priority for drawing OPEX. Cash at bank is the last port of call for drawing.
I get the feeling when FFX resolves its issues with the Mali Commission LLL issues will be resolved shortly after.
It may be the government cannot shake off its belief that FFX/LLL are connected and as such are putting pressure on LLL hoping to force an FFX resolution.
In the mean time FFX will suit themselves.
The $US 50 mill on duties/taxes is well enough for OPEX disaster coverage. But we have not got it!!
Its a real mess over on FFX.
Its unlikely to settle until FFX pretty much gives what Mali wants.
Will FFX remain in the trenches until all the cash is gone??
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