Ann: Notice received under S249D & Shareholder Update, page-117

First 117 Last

Share
Profile

Follow
52570

4,880 Posts.

521

21/07/23

17:40

Post #: 68916067
Share

Originally posted by camban: ↑

No, I’m not defending Cowden, I am furious with him. But the truth of what has gone on at FFX we really don’t know yet. And I certainly wouldn’t shun his support for the 249D and stymieing the incumbent board’s plans if it delivers a sub-par financial result for us (which seems to me to be inevitable). Eric is to be congratulated for stepping up imo.

It is still extraordinary to my mind that a company with two assets when added together that are knocking on $500m (if you take the mine purchase cost, the capitalized $220m reinvestment into Morila infrastructure, plus the LLL holding now valued at $250m) and $35m cash in the bank can just get away with putting out a statement to say “we lost control of the mine, there’s $50m in debts, so we’ve walked away and written it off the books and now plan to give it all up for nothing”. This part has all occurred on Fraser’s watch not Cowden’s. I’d really like to know his take on it.

Expand

The thing is that (as some others posted at the time) , Morilla was Cowdens baby. Why would he jeopardize its performance? Something of a split definitely happened between the board members at the time IMO.

FFX Price at posting: 20.0¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

PAR

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

SRL

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

MVF

Monash IVF shares cater 25% – Disaster or deep-value play?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

OCC

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

AII

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

RMX

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

First 117 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: Notice received under S249D & Shareholder Update, page-117

Top Stories

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Monash IVF shares cater 25% – Disaster or deep-value play?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Australia’s gas crisis is here – and dying coal plants aren’t helping

Featured News