The reality is that this is the situation we face, and no amount of discussion in these forums will change things. While this may be frustrating to hear, we must accept this.
LLL and Simon are actively responding to emails, but no significant information will be shared until these issues are resolved and unfortunately, the Mali Government acts on its own timetable.
The rationale for this approach is that: "
Confidentiality is not the only reason for the suspension as the matters remain incomplete, unresolved and they are quite complex. Furthermore, breaching confidentiality can prejudice our position – shareholders would be very disappointed if by simply informing them, we damaged our own case. They could only know that in hindsight, making the situation difficult to understand."
When the company can, similar to the last suspension, they will release a comprehensive statement and hold a webinar and answer questions from analysts and media. All shareholder questions will be answered individually by email, or a phone call and they will follow up with roadshows.
For now, we must trust that they are doing everything in their power and acting in the best interests of shareholders. I do acknowledge though that many shareholders here have doubts about that statement, considering how FFX was handled and the unfair comparisons being made to AVZ, which is a completely different situation.
For those who still hold shares and are invested in this company, I urge you to remember that management and our JV partner were the primary reasons behind your investment decision and why you felt comfortable taking this risk considering the jurisdiction which the company operates in. Simon and Ganfeng both have proven track records, and we should be confident in their ability to navigate whatever this situation is.
There are a number of people here sharing great insight and information (e.g.
@Red Baron@MM0@8horse@GARETH78@manny100@fooca etc.), but I wouldn't pay too much attention to what is being shared in these forums as there is a lot of emotion and speculation at play. If you do, you'll find yourself going crazy exploring a number of rabbit holes.
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