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2,126 Posts.
1777
14/09/21
09:19
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Well I mean, either way, its great news, because the bigger funds are waking up to the immense value in FFX with exposure to LLL!
$30m worth of FFX means even at a 1:5 in-speccie distribution, you'd be getting about $6m worth for free right now.
That $6m in LLL is going to bring HUGE value to the ETF itself.
Remember, a rising tide lifts all ships.
Spodumene spot price has just ticked over $1400 yesterday.
I won't be surprised if we see more ETFs buy FFX.
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