@newbieguyInteresting you have tagged me with the other two posters, they offer a great deal of knowledge and SUBSTANCE in their posts so for that, thanks.
the overwhelming fact for me here, and what I put to all of those complaining now, where was your input at our latest general meeting in which just one resolution was on the table which got no coverage from any of you. That resolution single-handedly allowed this raise to go ahead. Why are you reacting after the fact? That lack of research and understand is on you. Perhaps it’s time to take an invested interest in matters that you actually can have an input on.
anyone throwing out supporting a 249a … it’s laughable. That takes considerable amount of work and you didn’t even vote against resolution 1 that would have taken all of 5 seconds. Let’s not forget the OVERWHELMING response for MA is support. Holders here complaining WOULD NOT come close to 5% of the total holdings in this company. It’s one of the best things about getting instro / soph onboard… retail generally speaking is emotional and clueless.
Let’s be adults for a minute here, FFX response to the rumour of a raise was materially correct. Your board releasing that announcement kept the share price on an upward trend holding a strong price before the halt for raise. No information would have seen the open on the 2nd of dec drop significantly as investors exit in anticipation of a raise. That 76c open would not have happened and it would be fair to say the share price would have been beaten down all week as the raise worked in the background to get organised. I believe 67c would not have been possible if that announcement on the 2/12 didn’t come out. Very interesting that retail complain about this when it has directly helped them. “It’s not morally right.” Your kidding me aren’t you? We are here to make money… and as always, you are vsing people/ businesses that are so morally corrupt, they would gladly step all over you to do it.
The business plan is not worked out in a week in advance, they would have full well known at the conclusion of the SPP this was coming. They could have EASILY stuck the SPP with this raise @67c ! Your management has allowed current holders a discount on this raise. Be an adult, withdraw your emotion, we aren’t here for hugs.
as has been pointed out, there are a few things in the announcement to analyse. Likely LLL IPO raise will be around $50m.
SAG mill is a go. As red baton stated, AC brought that up long ago as a potential upside. It’s happening. If you do no remember exactly what he says about that, revisit it. There is substancial lower grade product at the superpit (in saying that I still mean very profitable .5 to 1.5gt) tbat would be perfect for the SAG where input quantity is important. I have brought this up a few times, MA performance options detail a successful 250k oz pa with an expiry sooner than what has currently been forecast.
LOM plan V2 coming I’d say near the demerger… a LOM plan that will actually have drill we have done included… and there will be a lot of it. EXPECT SIGNIFICANT INCREASES in reserve sizings…. Higher input rates, higher grades, larger resource… and as per my belief, higher gold price.
I’m seeing also the money going to “upgrades” and “improvements.” We know our base plan via the LOM, these words are positives to that. We aren’t just looking at maintenance and referb.
I think it’s fair to say, those most cranky about this raise are those who have bought in for the lithium both a few years back and more recently. End of the day, you have bought into Firefinch, not LEO. If you want to buy into LEO, you have to wait. Until then, I have no issue with FFX strategically USING Goulamina in anyway they see fit. It is/ was their asset and if they can use it at the expense of LLL I say go for it. It’s theirs to do so. I remind holders a Prospectus has not been released so how can you have any idea of the terms. If there was a raise or similar after the prospectus, then we all have a very valid case to complain and I would View it as being mismanaged.
this is not an exploration company, they are not attempting to build the assets on hype. FFX Morila is a grind, not a sprint.
FFx even after the raise has a very reasonable amount of shares on issue. We have no idea at this point what Register LLL will have… could very well be sub 100m.
LASTLY:
various holders here have complained about every raise done this year directly blaming management for not looking after shareholders, feeling Deceived and some sort of conspiracy theory coercion going on. I point you to this:
”Fool me once, shame on you, fool me twice, shame on me. Fool me three times…”
you have elected to stay, be an adult that was your call.
share price continues in a major uptrend. Wake up
