Mali politics again, page-238

You know, I wasn't going to post further after the last reaction.

But given your comment, I will post the following:

- FFX still HAVE NOT transferred the Li Mining licence across into the JV,
- And that is why Ganfeng (IMHO) have not transferred USD $91M,
- Mali is a poor country where people on average earns $2 a day,
- That means the Soldiers who now controls the country under sanctions, will struggle to find $ to run the country,
- Which means they will lean on private enterprises (like FFX) for extra cash, to keep the regime going,
- The question is how much will it cost to transfer the licence across to a JV subsidiary,

And that is just the start of this ongoing problem - as the Mali, unlike the US, can not print money out of thin air, without causing hyperinflation, so it will struggle to pay its civil servants and soldiers on an ongoing basis.

Where do you think the money will come from?!?

They can't tax anymore from their citizen who earns on average $2 a day.

Ponder those issues and you will understand why institutions and investors have sold out since high 80 cents.

Enjoy the stress.