FFM 2.55% 80.5¢ firefly metals ltd

Just thoughts.It so far did not retrace tonthe SP price of...

  1. 3,595 Posts.
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    Just thoughts.
    It so far did not retrace tonthe SP price of 2.5c.
    Some of those entitled to buy at 2.5 by mid october may be selling at 3c keeping the price at that level against solid buying interest.
    Others entitled to buy at 2.5c are holding off for now in the hope of selling some at better than 3c. Those sales will eventually kick in. Maybe if and when weakening towards 2.5 occurrs or when its say around 3.3c?
    Its an interesting pull and tug situation.
    Personally I dont think it will go to 2.5c nor do I see it getting much above 3.5c until the SPP is done and dusted.
    The trigger may be further annoncements on further exploration at Pickled Crow and Siouxx with any intial drilling results from Green Bay probably not earlier than in November.
    All in all quite an exciting time and it was way undervalued even when it was just Pickle Crow.
    In the meantime theres also the holdings back in WA which maybe a wildcard in the equation too.
    FOX
 
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