FFX 0.00% 20.0¢ firefinch limited

Ann: Recapitalisation package, page-90

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  1. 9,717 Posts.
    lightbulb Created with Sketch. 2929
    There surely won't be one.

    No MD worth anything at all is going to come in and agree to chasing a $200 margin on the POG in Mali and that's if all goes perfectly - when there is a perfectly viable alternative of not doing that - and retaining SH value.

    Having the LLL shares gives the company options. If we had no choice, then sure, roll the dice like RSG and their $1425 AISC. (Result below)
    Anyone think destroying current holder's LLL holding is worth $4 mill net profit a year?
    Whats that per share? 0.1 of a cent in the new structure. LOL



    https://hotcopper.com.au/data/attachments/4695/4695110-acd57a2b8a8156c2ca58dd71c5881f33.jpg

    https://hotcopper.com.au/data/attachments/4695/4695098-d946dcd3eee29de2e6315d03cfc40fd3.jpg

 
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