Ann: Response to ASX Aware Query, page-71

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18/12/21

14:09

Post #: 58385851
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Originally posted by Red Baron: ↑

"Their timing of the DFS release upon which you base your alternate scenario was their decision, it was not a fixed immovable date.."

FFX would have received the DFS from Lycopodium when it was finished - they can't hurry it up or choose when they receive it.
FFX would then give it to a 3rd party (such as Macquarie who are handling the demerger) to make this document into an investor friendly document they can release to the asx. The original would be around 500 pages long.

When this is done, they have to release it to the asx/market. They can't sit on it as you suggest.
In the one breath you are saying they should ignore the asx rules re disclosure, but it's not ok to deny the AFR article.

"If they knew on 1 Dec they were going to cap raise immediately following the DFS..."

That's the point, at that stage they hadn't had a Board Meeting so no decision was made. They were merely gathering the information so the Board could look at all options prior to making a decision. Unfortunately a leak put a spanner in the works.

So if you were on the FFX Board, what would you suggest they do after the AFR article?
- and if your answer is go into a TH/Suspension, as a shareholder would you be happy to have the DFS released whilst in suspension, then cap raise before trading recommenced after the DFS. Because that's what you'd have to do.

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You think that you are gods gift to the HC forum. You mother must be proud. Lol.

Ultimately, Mike is the Managing Director and the buck stops with him.

FFX Price at posting: 71.5¢ Sentiment: Hold Disclosure: Held
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