FFX 0.00% 20.0¢ firefinch limited

Ann: Presentation -A$47M Equity Raising to Drive Ramp-up atMorila, page-122

  1. vmp
    13,206 Posts.
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    Look at them in the eyes and lips and you’ll know whether you’d keep them or dump them. You can poach a talent from bhp or rio who can see your value like another lithium company did. He can say I’ve been mining in this country for decades!!! Would cost only half a mill in salary but all worth it. They sold your lithium at 90% discount like a distressed sell in a booming market, they’re already producing tonnes of gold, and now this. This reminds me of already producing gxy, that sold a chunk to posco and squandered much of it on alita, etc shareholders never smelt or saw a shadow of the money, never got a cent, while mgt was collecting millions in salaries and benefits, the next move was sell the entire company with zero premium. Well managed companies return some money to shareholders if they sell assets, a capital transaction, because shareholders own them. Others just keep asking for more and diluting retail, it’s like a well loved tradition if not addiction. You’re not alone in this guys, it just highlights that in many cases mgmt is more important than the project itself. If s proj fails a good mgmgt will eventually find either a solution or another good one, whereas a moneyedgment with failed proj is hopeless. I won’t be surprised if your remaining stake is eventually sold for peanuts. The elephant already in the room courtesy of macquarie. What you got is a macquarie stamp to make the price look legit. Someone is ganfeng out loud
    all imo
 
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