RSG could easily take us out even at a much higher FFX share price with a mix of Cash and RSG shares. They could finance the Lithium Plant themselves with debt and pay it off with Morila cash flow alone in quick time. At least we would still have an exposure to GOLD and Lithium.
They have a similar amount of shares on issue that we do. We would expect a big premium over what ever our share price is at the time in the event of a takeover offer.
We are an easy target at the moment. Our share price needs to grow some legs and start sprinting.
Mali holds no fears for RSG as they already have had a huge presence for a long time. They would likely see FFX as a huge growth opportunity in GOLD and a diversification into the 'new world' of clean energy.
There is a reason they just sold off Bibiani gold mine and you can bet they will be re investing it and you would think they would see FFX as a fairly risk free opportunity..
If the market suspects an eventual bid we will likely see the SP move up quickly as we see buying for the premium.
Of course this is speculation but there is some logic behind it especially with RSG cashing up one of its mines.
- Forums
- ASX - By Stock
- FFX
- Ann: Firefinch Celebrates First Gold Pour
Ann: Firefinch Celebrates First Gold Pour, page-140
-
- There are more pages in this discussion • 167 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FFX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online