Intent to demerge has been on the cards for 16 months. Those wanting in for the Li bought ffx as it is the only way at present to get shares. Then came the dilution to fund the gold which itself has been painful but knowing ffx are skimming 20% off the Li to be a standalone goldie is a kick in the nuts for the Li holders.
The Morila project wouldnt have survived without our Lithium and it has cost investors more than they bargained for. The massive potential gains are still achievable but it could have been so much more with hindsight imo.
FFX Price at posting:
$1.08 Sentiment: Buy Disclosure: Held
