Very good possibility this is to explain the BOD's recommendation on a lithium deal that has been put to them.... With lithium price up now, $2 Billion NPV on that project must be about the mark. If so I guess there'll be a trading halt the day before.
A bit quicker than expected - which is the only thing that gives me pause that it may be "just" about the starting up of the complete Morilla gold plant, and the strategy from here on the gold after turning it into "the deal of the century". With the gold price heading North we'll have well over a billion dollars of gold profit - perhaps they will want to explain their vision for using it as well as short term plans.
If it's "just" on the gold there is a good chance they will put in a bit of effort to shape expectations on the lithium deal as obviously there will be questions on it. Either way we will get a good indication on how things are shaping up for FFX - and I believe in share price terms any news is good news at the moment.
FFX Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held
about the starting up of the complete Morilla gold plant, and the strategy from here on the gold after turning it into "the deal of the century". With the gold price heading North we'll have well over a billion dollars of gold profit - perhaps they will want to explain their vision for using it as well as short term plans.
