It's a very emotional time right now for FFX holders. Saw a lot of opportunity for a re-rate before euroz sold out. I have no criticisms of Mike re: marketing. He has been absolutely smashing interviews and conferences etc. There was a lot happening. Cowden still in the picture, just not front man anymore.
These guys are no dummies and are loaded up with enough on market FFX stock to be fully incentivised to make bags. We're out of the panic phase of a growth project and - IMO only - need to breath while management walk the path laid out before them. I keep saying, not to let perfect get in the way of good. We're not inline with the valuations being drawing by other comparable assets, however - we never were. Performance this year for bags on bags has been good so far with enough transparency on the next portion of milestones to see what we're in for.
We're all disheartened about euroz's behaviour but all of this stuff is out of the realm of SH influence.
I'm not thrilled, but not ready to throw the baby out with the bathwater.
FFX Price at posting:
60.5¢ Sentiment: Buy Disclosure: Held
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