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20.0¢ firefinch limited

Ann: Managing Directors letter to shareholders, page-34

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Greg84

94 Posts.

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14/12/22

13:39

Post #: 65309055
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Originally posted by newB: ↑

My reading is: they are trying to return the majority of $38m cash back to shareholders, equivalent of about 3 cents per share.
and then distribute the LLL shares to shareholders, who can keep holding it until June 2024.
At least you got 3 cents plus the LLL shares valued around 9 cents per share at today's LLL SP.
All in all we get about 12 cents (at today's valuation).
Not too bad.

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They can't release the shares until 2024, once escrow finishes. FFX will hold until Jun-24 & then distribute to shareholders

FFX Price at posting: 20.0¢ Sentiment: Sell Disclosure: Held
2 Upvote

0 Great analysis

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