Shareholders Action Group announcement:, page-18

An honest, transparent market announcement from the board outlining the terms upon which Treadstone were engaged (e.g. commissions, break fees, retainers, KPIs & timelines - pretty stock standard rather than commercially sensitive stuff, a bit like engaging a real estate agent to market your house) would’ve made answering this question easier. As it stands we need greater transparency to make that assessment - the sort that new independent directors can bring. Secrecy is what the current board uses as its stick - they don’t even disclose the names of the nominee directors who were presiding over the various offshore subsidiaries that spent our money and took key decisions regarding the mine.

Imo, the Morila sale is a red herring anyhow. The auditors confirmed there is no backstop/parent guarantees for the mine’s local operating activity absolving FFX of liability. So there is no reason why FFX needs to expend one cent more and could just to sit there indefinitely on the Morila share register with 80% of the asset until the company (a) is dissolved, the 20% partner offers to buy our share out, or the licenses/permits for Morila expire or are stripped from it; or (b) we regain some “control” at a later date.