FFX 0.00% 20.0¢ firefinch limited

Re-Rating: General Lithium & Mali Lithium, page-13

  1. 5,632 Posts.
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    Yes people are negative, yes our SP and Share demand is hopeless. BUT

    We are a cashed up gold producer and gold just cracked $1900 per t/OZ in AUD$ so we have no financial issues.

    Once we get our license and a player telegraphs interest its going to be on like Donkey Kong.. we are only in a bear trend until its broken, once broken things can change..

    We have a belt of depression.. what causes it? who really knows but we know negativity manifests in the form of more negativity. Clearly this is oversold..this is what happens when sentiment hits rock bottom.

    I was going to call a triple bottom at 15c but it looks like its broken support to the downside (turns out support was very fickle)

    The sentiment currently is "why step up and buy when weak hands are happily selling lower" - this is true.. and it's great if you still have coin and want to commit here.. the downside for investors is that other stocks are running, in other words the opportunity cost is HIGH (if you pick a stock that is running at the moment.. there are MANY).

    There is NO risk in the short term or medium term or very probably long term that we can go into VA. I don't see much downside risk as we have strong gold assets and very strong lithium assets.. and are regularly earning gold royalties.

    We are in Mali, we are in the Orphan period, there is a trade war, China is gaming the lithium supply side, central banks and market makers are controlling the investment demand through press releases and short selling industry wide.

    Day traders are simply not interested in this as there is no volume and we are not drilling so no chance of a pump and dump.

    Things change.. opportunity cost is our biggest issue as no-one wants to invest in a stock that is going down or not going up.. when they could be following a strong upwards trending stock.. (and paying more for it and risking major downside).
 
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