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20.0¢ firefinch limited

manny100, ffx has no creditors.Ffx actually has $25 to 30m in...

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Aptayl

3,448 Posts.

809

17/10/22

20:18

Post #: 64242493
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Originally posted by manny100: ↑

If RSG raise $200m and want FFX (incl LLL) it would need to be a merger. They would need to lighten their own debt committments as well as pay FFX creditors and fund Morila CAPEX.
The upside for the merged company is a target of 140k ounces per year and the value of LLL out of escrow both around the 2 year timeframe.
Alternative is part cash and part RSG shares with Morila mothballed until LLL escrow over which will fund the required CAPEX.
Or just merge, pay all FFX creditors and mothball until escrow over.
Never know!!

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manny100, ffx has no creditors.
Ffx actually has $25 to 30m in the kitty approx. and 20% of leo shares. The Morila sarle creditors have no access to ffx funds, all they could do is try to recoup debts from Morila sarle.

FFX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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