On basic legal principles, if the Malian Government believe Firefinch owes big money, it would seek to exercise security over Firefinch remaining assets.
If Leo are in the alternative held over the barrel by Mali to in effect guarantee a liability of Firefinch, notwithstanding that legally any such claim is tenuous at best, then surely it would follow that the only valuable asset of Firefinch (being its shareholding in Leo) should effectively be made available to Leo (cancellable in part?) as a form of indemnity to Leo?
Will be very interesting to see this upcoming announcement.
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