Ironically, we actually still have an asset: 80% of Morila. So...

Ironically, we actually still have an asset: 80% of Morila. So technically FFX is still a gold mining company. “Loss of control” and a voluntary writedown in the value of that asset to zero does not make the title to the asset disappear. To the best of our knowledge FFX still owns the subsidiaries: they have not been wound up or the permits/deeds for Morila transferred or otherwise extinguished.

This is the reason FFX updated the Company website (post-suspension) to reflect that we now own only 17.61% of Leo (instead of 20%) but at the same time took a deliberate decision not to remove (then or at any time since) reference to FFX still being a gold miner - bizarrely, Perth just can’t instruct the staff or receive reports or bank the $millions in revenue from
current production that is occurring there (...apparently).