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fooca

7,311 Posts.

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15/07/23

19:17

Post #: 68805499
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Originally posted by Pseudo19: ↑

Exactly.

There has to be more to this sale than what we are being told.
On the one hand the company has no interest in the operations of Morilla SA yet it is negotiating a sale of shares presumably incurring costs for FFX.
Is this because the board of FFX is simply being benevolent towards the employees and local economy? Or has the government made some strong suggestions about what needs to be achieved? Is it a pure coincidence the main contractor for LLL may be the party acquiring Morilla? Could there be potential repercussions for LLL if Morilla SA isn’t disposed of in a way that keeps its 20% shareholder happy?
Was the LLL contract awarded on the understanding the contractor take on the FFX stake in Morilla?
This is all speculation but who spends months looking for a buyer when you expect to give the item away?

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Points 7 & 8 coming into play?
https://hotcopper.com.au/threads/i-have-heard.7398688/?post_id=67946785

FFX Price at posting: 20.0¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

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Shareholder update, page-34

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