FFX 0.00% 20.0¢ firefinch limited

Ann: Quarterly Activities Report, page-96

  1. 3,548 Posts.
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    I suggested a while back this was not a get rich quick scheme, I said 12-18 months, however some got excited and became rather annoyed that I as a non holder would be bagging out the company, I just called it as I see it, now we have ozblue confirming what I said, yes you will have to negotiate something with Morila SA, they own 20% and I would suggest discussing the payment to them or it might not happen, they arent just a part owner are they, as far as lithium is concerned I dont feel it will be ever mined by FFX, do not be surprised if it is sold off as FFX may need some capital over the next 12-18 months, IMHO this was a poorly exercised transaction in buying the Morila, your current costs are out weighing the revenue, and you are at least 6-12 months off from really getting into the gold that will matter if it is there, as ozblue states they need time and a lot of work to make it happen and IMHO they need a lot of luck as well,
 
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Currently unlisted public company.

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