For a little perspective below.
1. Nine months ago FFX had some tenements in Mali and an unwanted Lithium project.
2. Not much in the Kitty and Directors taking shares in lieu of fees.
3. Share price circa .16c.
4. Bleak looking future.
Then the board:
1. Bought Morilla in the deal of the century.
2. Did a cap raise and SPP at .16c for $74M.
3. Engaged with Battery companies for a deal on our Lithium asset.
4. Completed a deal with the biggest battery company on very favourable terms imo.
5. Made the decision to go gangbusters for the future of both assets and raise $47M. ( Protecting FFX and our balance sheet against any unforeseen negative events in the process)
6. Laid the foundation for future growth with a financing facility circa $50-70M.
If anyone invested in FFX doesn’t get what the Board have achieved and are going to achieve with these actions I guess they never will.
As for Brokers, they’ll always do what they’ve always done and no one should be surprised by that.
All imo.
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