I gave no value to Goulamina in my analysis about Firefinch. I was in for the gold deal, and only bought in on the day of announcement about Morila.
For me for the first time Goulamina has a real valuation and credibility as an asset. There will be lots of large players doing analysis of the value right now with many only starting to take Goulamina seriously since the deal was announced.
Do you think the SP will be at these levels in 6 months time?? I certainly don't. The only thing wrong is people's expectations, so far the operation and decision making of management/BOD has been excellent. They are maximising the value of 2 large assets.
Can you see a better opportunity in the market for medium term gains, because I'm all ears if you can.
Morila Gold and Goulamina lithium are going places over the next few years and neither project needs extraordinary luck, just time and work. What we really need is no extraordinary bad luck, like market meltdown, gold price meltdown, asteroid hitting processing plant etc. Without really bad luck the valuation of this company (or the 2 companies) will be much higher when cash flows mount IMHO.
FFX Price at posting:
47.5¢ Sentiment: Buy Disclosure: Held