Because of a couple of reasons- we were told only a month ago that we were powering along and there were no issues at all. That’s ok topnof is being told the sanctions didn’t impact us at all, and that the cash burn wasn’t an issue as we would be producing profitable gold.
that’s on top of the delayed demerger- should have happened late last year or 1st Qtr this year but for reasons they haven’t advised it was well delayed.
What has happened, we demerged into an bear market perhaps 4 weeks after the lithium surge had ended. Had we listed in April LLL would have been worth perhaps $1 on listing.
at the exact same time we miss target by 4K and burned through twice as much cash with the directors admitting they didn’t know either until the last weeks of the QTR.
FFX Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held