Ann: Goulamina Lithium Project Update to DFS, page-291

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WoodySpoon

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09/12/21

08:55

Post #: 58177689
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Originally posted by SurfingTheSet: ↑

According to AFR - you shareholder plebs should be chuffed that we expanded the CR to $50 million we are so good to you, a reward for our shareholders, blah blah blah. Next minute - Euroz snouts in the trough for over 50% more than the SPP. So following the same logic, that's as a reward for all the sell downs they subjected this stock to in the past while spruiking higher price targets? (If true of course)
Firefinch readies $80m raise
Anthony Macdonald,Yolanda RedrupandKanika Soo
Dec 8, 2021 – 11.25pm
Listed lithium and gold play Firefinch was readying fund managers for an $80 million raise late Wednesday.
Street Talk. Louise Kennerley
The raise was expected to launch as early as Thursday morning, after investor soundings earlier this month.
Canaccord Genuity would be the lead manager, with Firefinch’s house broker Euroz Hartleys potentially also getting a role.
The raise comes two days after Firefinch’s release of a definitive feasibility study on its Goulamina lithium joint venture in Mali, which is due to be spun out into a listed company early next year.
The DFS said Firefinch had the potential to become the third largest lithium producer globally, and its project was development ready. The final investment decision was due end of 2021, with first production slated for early 2024.

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They denied it just days ago in an asx announcement no less. Wouldn't that make it impossible to do without legal consequences?
It would also indicate disastrous cost blow outs in Morilla - if true should be tackled after the lithium demerger given the company just got $50 mill, more than enough to see them through the next few months.

Not happening IMHO.

FFX Price at posting: 75.5¢ Sentiment: Buy Disclosure: Held
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