FFX 0.00% 20.0¢ firefinch limited

Sprott initiates coverage of Firefinch, page-121

  1. 5,175 Posts.
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    Yeah Sachz, Sprott make sure they buy a tonne before releasing a research document that values FFX at double the current price.

    That's how Sprott have got so wealthy.

    Expect a new substantial holder notice in the next 3 months from Sprott.

    The regulations around these notices need to be tightened, they need to be declared within one week (instead of 3 months), otherwise the rules should say the stock can be confiscated from them.

    The whole ASX casino is a rort, to protect the rich and wealthy and (corrupt) banks and funds.

    The government doesn't give a damn, they just let these funds and banks do what they want, and when the financial system collapses, they pronounce them "too big to fail", and then bail them out with taxpayer funds, paying out the top executives with multi-million dollar handshakes.

    This political morality, and behaviour, is in fact "legal criminality" supported by the democratic governments of the West.

    I don't want anyone lecturing me about China or Russia or the Communists, because the Democratic governments of the West are no different, and just as corrupt, if not more.

    For instance, in Russia, half the members of parliament (the DUMA) own a Vodka factory, and pay no tax - go figure that !!! As a result, they have become multi-billionaires in the Communist (sic. worker) state.

    And in China, half the members of the parliament (the National Peoples Congress NPC) own a High Tech company listed in Hong Kong, or a Rare Earths processing factory, or a Military Munitions factory - with mega million contracts from the government. It's simply powerful families looking after powerful families.

    And in the West, in countries like the USA and Canada and Australia, many of the Politicians after leaving office get a job as a Senior Consultant, on millions of dollars a year salary and bonuses with a Bank, or with a (very wealthy) Financial Institution.

    Not only that, if Australian politicians can survive two (2) terms in government, they get a huge Pension for Life (PFL - hundreds of thousands of dollars a year), and free airfares for life, and a chauffeur for life, and free telecommunications for life, and a hundred other benefits that on-one in Australia knows about or reports - it's a total and complete corrupt rort that the Australian population, if they knew the real dollar figures behind, would be up in arms about and marching in the streets in protest.

    The truth in all these societies, no matter what political system they work under, is that those in power set their own remuneration - all forms of it.

    The human condition for greed does not discriminate, whatever political system a country has, because basically, we are all the same - a greedy selfish hairless monkey with no morality or scruples.

    The bottom line - "All of Those in Power, Make Themselves Rich" - and it doesn't matter whether the political system is Democratic, or Communist, or Autocratic, or Plutocratic, or whatever - it's all the same in the end - those in power, award themselves riches - Pure and Simple.

    It's just basic human nature = and it will never change !!!

    Gw
 
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