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I'm inclined to think that they will buy something involving...

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bball

1,171 Posts.

234

01/02/23

17:56

Post #: 66012962
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Originally posted by 52570: ↑

Gosh.

I thought that most shareholders wanted either FFX sold or the LLL shares returned to them at end of the escrow.

In the beginning of this saga, I was keen on the idea of FFX selling down its stake in Morilla to 51% and finding another project. That 39% sell down - or a joint venture partner either with or without the drilling outfit in the mix...Mali 20%, driller outfit 29% and us FFX at 51% and operator. I would likely have gone with a deal like that.

And then we could have gone to find another gold project...

But I was perhaps more keen on the idea of us completely changing into a battery metals company by getting another Li project and/or perhaps another battery metal on the critical metals list. That together with our LLL holding would possibly have been quite popular with the market in general...and that would likely have resulted in a few new board directors replacing some of the then FFX board members.

However the mood on this chat forum seemed to be that most shareholders simply wanted completely out of Morilla and either wait for escrow to end or sell the whole lot - which was now is my preferred outcome.

The current board Have promised to distribute most of the cash back to shareholders now, if they can't to a deal, and to distribute the LLL shares back to share holders , if they can't get the said deal.

So, my preference is still to sell FFX as a whole , for me to get some capital back and invest where i want to (invest).

I am however open to other possibilities IF they involve me getting cash or equity back to the same value (or preferably more), as the last trading price of FFX - that is over 20 cents a share...

ALL IMO

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I'm inclined to think that they will buy something involving vacuum cleaners and blowers.
Reason being, the BOD sucks and they are full og hot air!

FFX Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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I'm inclined to think that they will buy something involving...

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