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

First 76 Last

Share
Profile

Follow
fooca

7,296 Posts.

4887

05/07/22

12:15

Post #: 62376512
Share

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........

Expand

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
4 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Close: Pretty boring day, but we're back in the 8,600s

GDM

Great Divide 'rapidly evolving' into commercial miner with first Challenger pour

Unemployment expectations correctly called today's 4.3% rate

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Open: Can we squeeze one more record reset into Week 29? | July 18

First 76 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

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

Top Stories

ASX Market Close: Pretty boring day, but we're back in the 8,600s

Great Divide 'rapidly evolving' into commercial miner with first Challenger pour

Unemployment expectations correctly called today's 4.3% rate

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Open: Can we squeeze one more record reset into Week 29? | July 18

Featured News