FFX 0.00% 20.0¢ firefinch limited

In the end, it's pretty simple if you step back and look at it...

  1. 4,183 Posts.
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    In the end, it's pretty simple if you step back and look at it all from a macro point of view:

    View 1.
    "In June, the Company held an introductory meeting with a globally significant east Asia-based lithiumend-user to explore the potential for future cooperation in the development of the Company’s worldclass Goulamina lithium deposit. An invitation was extended for a representative visit to the Project in Mali. As the Goulamina PFS nears completion, Birimian will step up its program to raise corporate awareness and develop a higher international profile for Goulamina."

    +

    (iii) a change of control event."

    = $2.00

    View 2.
    $6m cash
    -
    $2.5m in liabilities discovered
    +
    $?? Potential compensation to the business
    =
    $3.5m (Enough to get us to Christmas)

    View 3.
    "(d) approve an issue of 2,500,000 options to each of your Directors on the following key terms:
    (i) Exercise price: $0.45"

    Current Price is half that, being for $0.225.


    ------------------------------------------------------------------------------------------

    All this dirty laundry is in the past.
    The only thing we have to show for it is a $2.5m tax bill.
    We get to keep the potential $2bln NPV, 20 year life mine that is Goulamina.

    I'm more than happy to move on.
 
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Currently unlisted public company.

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