Marampa, page-11

Looks like Gerald Metals is starting up the mine that CFE gave 20 Million to Frank for a royalty and part loan. 

https://www.miningglobal.com/mining-sites/sl-mining-begins-commissioning-marampa-mine-sierra-leone

The last update in the Quarterly was ... 

"Timis Mining Legal ActionAs previously announced, the Company has commenced legal action against Gerald Metals,Timis Mining Corporation, Frank Timis and others (jointly the Defendants) in the High Courtof Sierra Leone seeking damages and injunctions against the Defendants (refer ASXannouncement dated 15 May 2017, 19 May 2017 and 7 July 2017). The Company hasentered into a damages-based agreement with a UK based legal firm to proceed further withthe legal matter. There were no developments during the quarter."

In September 2018 this was published ... 
https://www.mining-journal.com/partners/partner-content/1347114/marampa-rebuild-signals-new-era-of-co-operation

"With TMC's mining licence cancelled, loss of land lease rights, and with section 54 invoked, all project stakeholders, including Gerald, incurred substantial losses from the failure of London Mining and TMC. But the process followed by the Sierra Leone government was legally thorough and very systematic and will withstand potential legal challenges it may face from the previous project sponsors."

In short - FT has lost the asset CFE paid $20 million into, the process was followed legally and the new owners will only be liable for a fraction of what was committed into it. From my understanding TMC took on the debt of London Mining, so as a creditor there is very little to go around even on the high side of this number. 

"The Sierra Leone government, and separately SL Mining, engaged independent third party consultants to perform a valuation in accordance with the ACT and estimate a value for the "reasonable compensation". This estimate came within a range of US$4 million to US$16 million and the government is now in the process of finalising its process."

Well done Tony, you keep singing what great management team you have.