my 2 cents for what it’s worth
The LLL 1:10 was oversubscribed, that tells me that the current shareholder base is pretty solid and a lot of these LLL shares have gone into sticky hands that won’t part at less than 70cents (I know I won’t be)
is their a few ETF’s that will offload, probably. Is their potentially some institutional investors that would be sitting on the sidelines looking for a clean and clear entry into LLL for a pure lithium play, I’d say highly likely. I won’t be surprised to see some big off market trades occur.
I think 70 cents is a solid base to build on. There will be a churn before a move higher but I don’t think we will see LLL tank or fly short term. I am however looking forward to following and supporting Simon Hay and the team to drive home my investment which has weathered the storm through the BGS/MLL days
All the best to shareholders, the uncertainty will disappear soon as the 23rd is getting closer. Best of luck with whatever decisions you make on your FFX/LLL investment I hope the returns have a positive impact on everyone
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