Ann: Macquarie appointed to advise on Lithium value Realisation, page-104

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03/03/21

15:59

Post #: 51489341
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Originally posted by ozblue ↑

There has been a bigger than expected pull back in the SP than most of us were expecting, with a continued couple of big dumps today.

Obviously the market was expecting something to come from the groups looking in the data room and some big players had set themselves up for an outcome from the data room investigations.

We are now back to pre webinar and Goulamina demerger announcement, expectations, with a slightly lower gold price.

We probably need some good gold announcements to turn this around or the sellers with the short term expectations to have completed their sell down. We are back to Goulamina being valued as virtually worthless by the market, so future announcements about whatever deals Macquarie come up with should add significant value, but that is probably a couple of months away.

I have to admit it is also not a good look stating the company had some of the Koting results in, assay results only had a 5-10 day turnaround, Koting drilling had finished weeks ago, but no announcement about them.

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At some point management have to take responsibility for the wider market perpetually undervaluing this company by whatever metric you care to use. Ultimately there is more to running a listed company than just crushing rocks.

Back to Morila acquisition announcement price levels....pretty average

FFX Price at posting: 20.5¢ Sentiment: None Disclosure: Held
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Ann: Macquarie appointed to advise on Lithium value Realisation, page-104

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Aldoro shares jump 47% on news of strong niobium recoveries from Namibia play

Shekel Brainweigh and Calmer Co lead innovations in the retail space

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

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