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20.0¢ firefinch limited

MA mentioned he had some big interest from American funds, a...

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sparky96

2,252 Posts.

647

25/06/21

19:40

Post #: 54081647
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Originally posted by ozblue ↑

@newbieguy ..."Shakeout..it’s already dropped from 57 cents to 40 cents .. that’s 30 percent drop after an amazing news"

You might be surprised and get more for your shares on Monday, as the allocations to Euroz/Hartleys clients have been cut back. A mate of mine wanting a decent 6 figure amount has been cut back ~40%.

Don't know about other brokers, but if people didn't get back the shares they were expecting after selling down, who knows where the SP will go.

Being cut back at all obviously means the whole issue has been taken up, as there were no shares available for my friend to get full subscription, and I'd expect phone calls between brokers trying to find extras if needed so well done management in Firefinch.

IMHO this is a WIN for Mike Anderson in his first major duty as MD. He has raised the necessary cash to move the company forward quickly.

At least all the naysayers should get a good price on Monday when selling, it might cheer them up a bit.

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MA mentioned he had some big interest from American funds, a surprise to the upside may be the lasting story!

FFX Price at posting: 45.0¢ Sentiment: Buy Disclosure: Held
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