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Recruiter10

5,139 Posts.

788

09/12/21

11:05

Post #: 58183688
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Originally posted by leezy91: ↑

Helios,

Great comment.

For me, I was also disappointing initially, but after digesting the info and sequence of events, it became a little clearer.

I do believe management have tried to do the right thing by shareholders here by issuing the SPP first.
They would have known that the DFS was shaping up to require significant Capital and gave all retail holders the chance to top up at 58c.

Issuance of the DFS with an exceptional $4.1b NPV and 83% IRR, just before a CR is a good sales pitch for institutional holders.
Whether you belive there is some insider trading or not is up to you.
I believe institutional holders would have seen the shortfall in Capex, and made a inference that a raise would need to be done before February.
That could have just as likely been cause to sell.

I get people being upset, but we would have had to raise the funds at some point.

Long term, nothing changes.
The lithium project is a banger.
Ignore the short term noise.

In fact, ill be looking to buy more, should the share price dip next week.

My Opinion Only
DYOR & MYOD
- Happy Trading
Leezy

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long term nothing changes ????

Kidding me, so dilution doesn't bother you at all ?

FFX Price at posting: 75.5¢ Sentiment: Hold Disclosure: Held
10 Upvote

0 Great analysis

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