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6,881 Posts.
4443
12/07/24
17:20
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LLL market cap will be $10m ? ?
That is why shareholders should be proactive and emailing the company continually to get answers to:
- when the Financial Reports will be released,
- reply to email today - they are still in progress to get the Financials Completed, so there is no information to timelines until that is completed.
- there was also no information to what the delay is now.
- when is the meeting
- how are talks with ATO progressing
- have the LLL shares distributed as soon as possible,
- what (if any) undertaking will the company announce if the Tranche 1 payment for the LLL holding is paid prior to the LLL shares being distributed,
- this will return $27,427,990 (base don T1 being $0.13)
- which in turn will give a payment (if T1 monies are paid in full to shareholders) of $0.023 per FFX shares.
- the company holding any cash payments from LLL is a scary thought, inclusive of the EGFT claim
- hopefully, the LLL shares will be distributed prior to tranche 2 is paid by Ganfeng (if the above occurs)
- they way things are looking, I doubt there will be any cash reserves post the Mali / Settlement / Contribution have all been concluded.
cheers
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