Ann: Sale of 28.6m Leo Lithium Shares - Cash Injection of $12.9m, page-76

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fooca

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05/07/22

12:15

Post #: 62376512
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Originally posted by rockofgib: ↑

"When the Board purchased $20m of Leo shares in the offer, they must have known funds were short, to then sell them at a $7m loss within 4 weeks is telling."

@redbaron in many ways, this is the crux of the matter - the whole FFX escapade is frankly now so bizarre that you have to wonder if there has been any degree of 'illegality' happening. When MA launched into the CR's everyone and his dog it appeared to know they were planned, except anyone on HC - and of course we all went, oh well, that just what happens with brokers - but dont worry we'll be fully funded onwards and upwards with the SP! We were fools to ourselves for not all asking hard questions then.......... and was there also some conjecture on HC that shares were being 'lent out' for shorting by certain individuals?

There was a $100M in the bank not so long ago and now we have 'funding' issues........... we cant just sweep this under the rug with a 'new' mining plan.

One of you clever types out there on HC need to be getting answers back from FFX........

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I can't be classed as a clever one ........ no response from emails or phone calls.

I expect that there will be a "Change to Substantial Holding" notice released as there has been a change of over 1% to the holding and the market is required to be notified.

FFX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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