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JackSpark

671 Posts.

126

30/06/22

07:18

Post #: 62285521
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Originally posted by manny100: ↑

The gold is still there. It apoears from media speculation that the issue is delays in digging and processing Morila. The delays will affect projected cash flow leading to a raise to see the business through to higher production and cash flow.
The question is when did the BOD become aware of the delays? Before or after pricing the spin off? At this time i am assuming after. Did MA know and when?
The drill results and new LOM are hopefully good and provide some comfort to holders who will need it after a raise is required.
I am confident medium and long term but dilution will sffect our long term returns on a per share basis.
With the LOM/reserves etc ann due soon maybe monday? Drilling at Morila will be cut back/slashed as will exploration. The LOM ann is a seperate issue to delays processing Morila ore.
No doubt they will slash costs temporally to reduce the size of a raise. They may just do a placement which would be easy given the safety net of the new LOM ann and 20% LLL holding.

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people knew this shit storm was comin, smart money was out on day 1 between 31-45c

FFX Price at posting: 20.0¢ Sentiment: Sell Disclosure: Not Held
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