Ann: Shareholder Update, page-101

  1. 7,005 Posts.
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    Previous announcements say an update will be provided end of March/June and not a binding resolution which Scott delivered

    This one says "The objective of the Board of Firefinch is to conclude these negotiations and announce a binding transaction during this coming quarter, Q3 2023"

    "In the event that the Process fails to deliver a binding agreement, then Firefinch will commence the
    process of returning cash and Leo Lithium Limited (“Leo Lithium” shares"

    "The Company has already commenced the steps required to undertake a return of assets so that there
    is no unnecessary delay in delivering this in the event the Process does not deliver an outcome.
    Currently, these steps relate primarily to the process to obtain a class ruling from the Australian
    Taxation Office as to the tax treatment on the return of Assets. Any return of Assets will also require
    the approval of shareholders"

    I'm not trying to force my belief on anyone but it's the way I see this announcement as being significantly different to previous ones.

    imo
 
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