ASIC for gold companies seems like hogwash lol.Looking at other...

ASIC for gold companies seems like hogwash lol.

Looking at other same sized mines, reported ASIC is about as helpful as toilet paper.

Having said the above I am an accidental FFX holder becuase LLL. I think it is prudent for gold holders of FFX consider the upcoming actions of holders of FFX who bought in for LLL.

Feel sorry for late comers who bought above 70c cost base for combined FFX and LLL. But many "longer" term" holders are ("in quotes" because you could have bought FFX+LLL for 35c and 1 year isnt really LT) will be multi-bagging.

Personal opinion but we will find that many Lithium/ESG investers will sell FFX sometime during the year. Especially since even after ATO capital adjustment to FFX at 20c still means I/many will pay CGT unless gold rallies Plus drop out of ASX300.

So unless gold spot rallies to $2200 USD the volitilty and selling pressure will be continual.