gold stocks have been doing shit thoughGold price 1850. Spiked a...

First 45 Last

Share
Profile

Follow
dogzrule

523 Posts.

57

09/06/22

22:28

Post #: 61929353
Share

Originally posted by Cookiecutter567: ↑

I believe the exposure of FFX to LLL has been severely undermined by a few posters.

Clearly states in FFX prospectus and LLL demerger and offer briefing that FFX holds 210.9m shares pre demerger plus 28.6m shares issued via firefinch offer for a total 239.5m shares.

The 210.9m shares instrument pre demerger was on provision of a successful demerger vote. These will be issued to FFX along with everyone else's now that the demerger vote was successful.

Remember when LLL eventually pays a dividend, that FFX will receive those dividends like every other shareholder.

On another point the pro rata offer implies a 35% MC attribution of LLL MC to FFX.

At 70c this should reflect 24.5c value to FFX SP.
At 85c this should reflect 29.75c value to FFX SP.
At $1 it reflects 35c to FFX SP.

And these examples only reflect the LLL shareholding component! Remember we have 2.5 Moz of gold in ground. Production ramping up to 200k Oz in 2024. 360 million dollars US minus production costs!

If LLL opens at $1 then you are getting FFX for free! Ridiculous.

The true SP value of FFX will play out on LLL listing or even a lot earlier when people realise the FFX sell off is an amazing buying opportunity.

Oh and what better asset to have in recession than gold. Cornerstone of every good successful investment portfolio.

Expand

Originally posted by Cookiecutter567: ↑

I believe the exposure of FFX to LLL has been severely undermined by a few posters.

Clearly states in FFX prospectus and LLL demerger and offer briefing that FFX holds 210.9m shares pre demerger plus 28.6m shares issued via firefinch offer for a total 239.5m shares.

The 210.9m shares instrument pre demerger was on provision of a successful demerger vote. These will be issued to FFX along with everyone else's now that the demerger vote was successful.

Remember when LLL eventually pays a dividend, that FFX will receive those dividends like every other shareholder.

On another point the pro rata offer implies a 35% MC attribution of LLL MC to FFX.

At 70c this should reflect 24.5c value to FFX SP.
At 85c this should reflect 29.75c value to FFX SP.
At $1 it reflects 35c to FFX SP.

And these examples only reflect the LLL shareholding component! Remember we have 2.5 Moz of gold in ground. Production ramping up to 200k Oz in 2024. 360 million dollars US minus production costs!

If LLL opens at $1 then you are getting FFX for free! Ridiculous.

The true SP value of FFX will play out on LLL listing or even a lot earlier when people realise the FFX sell off is an amazing buying opportunity.

Oh and what better asset to have in recession than gold. Cornerstone of every good successful investment portfolio.

Expand

gold stocks have been doing shit though
Gold price 1850. Spiked a bit there but hasn't helped any gold miner
Ffx
Newcrest
Even monster potentials like deg are way way down
i could give you a list of 20 gold miners going crap.
so maybe it's not such a sure thing betting on gold.

FFX Price at posting: 27.5¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

EBR

EBR reaches review milestone for wireless cardiac pacing device

LLC

Lendlease sells off US east coast construction operations in latest global divestment push

PYC

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

HVN

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

TBN

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

HLX

Helix investor makes partial takeover bid, proposing board changes

Results wrap: Austal, TPG Telecom and Downer

CYM

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

VYS

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues