FFX is unlikely to fall as they started cost control and has good cash to weather this storm.
My guess is to do a heavy discount right issue to save FFX.
As FFX is likely to re list, I don’t think it will impact LLL anymore as remaining LLL shares are restricted until 2024 where LLL will start production lithium concentrates.
all imo.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-5
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