Just watched the vid. Good work by them and no doubt educational for other people, but it was just a summary of what has happened over the last what , 2 years?
There was nothing offered in the way of why stuff happened - just the same questions we share holders have. Though they did highlight the LEO went into suspension circumstance.
They did also mention that Mr Cowden did say' the ore body has not under performed' - or something very similar, implying that this all is a massive mismanagement of the asset (Morilla).
It was interesting to note that one of the Miners did point out that buying 20 mill worth of LLL on the IPO and retaining 20% also (separately) , was a wee bit weird and that in his opinion , it implied cash flow issues at FFX at the time. I thought it was a ASX condition that the parent company kept 20% but that seems to be wrong?
All that implies to me that my earlier posts around something at board level went wrong - was probably right - perhaps as much as a year before the LLL IPO.
The then board seems to have suffered a split ...Mr Cowden probably outvoted on the correct action needed?
ALL IMO
Just watched the vid. Good work by them and no doubt educational...
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