That is a great response... Way to complicated to enter into a binding off-take agreement with FFX if the structure is changing. The new entity will be a clean shell, and then well funded and setup with a board and workers to bring the project to life. An investment firm coming on board early to tie it all together is what we need and one thing that has failed. We need a cornerstone investor who has long term philosophy on unlocking deep value.
We need a strong off-take partner (sounds like we have several options)...
Current FFX shareholders get free shares and imo the value of the company will be set by market but expect it to be well north of $100M and then of course the investment company will pump the crap out of it on milestones...
A lot of people are going to be very rich from all of this and I can see FFX shareholders being deeply rewarded for once.
HOLD THEM TIGHT PEOPLE!
Ann: Intention to Demerge Goulamina Lithium Project, page-82
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