Ann: Results of Annual General Meeting, page-34

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JoeCool5150

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28/05/22

11:26

Post #: 61677264
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Originally posted by franky1: ↑

Hi all,

I attended the AGM yesterday and share the below as I understand it.

1. Capital Di director will take a wider role. ?? Undefined.

2. Two New Directors to be appointed Monday.
Exceptional experience in Africa and beyond. I hope they’re female.

3. Presentation on Tuesday. EGM time.

4. There was an uncomfortable exchange between a shareholder and MA/AC.
Respect of the directors and staff should always be paramount imo.

5. Contract for ball mill about to be signed.

6. FFX will be cash flow positive early next year.

7. FFX - No cap raise atm. (We’ve all heard that before. But has been good last 12 months.)

8. Debt is expensive for projects in Africa.

9. Instos now own 37% of the register and will increase after the shortfall offer imo.

10. FFX’s holding of 20% of LLL is escrowed for 24 months.

11. ATO ruling question - Answer - Stay tuned.

12. Frustrating conditions in getting all approvals for demerger.

13. Convention extension was a hold up of debt funding -sprott etc,
Company went the expand the SOI and cap raises.
Fair enough imo.

14. Moving Forward - I think this company is in the best place it has been in the last 8 years that I’ve held various amounts of shares.

15. Let’s be honest now with ourselves.
Anyone who hasn’t profited from BGS/MLL/FFX and isn’t happy with the direction of the company or the board I would ask why?????? And why do you still hold???

16. 32M shorts have to cover before ???

BTW any keyboard warrior that wants to criticise Michael Anderson or the Board I would humbly suggest you GTFU and GAL. You have no idea.

Anyway.

Both companies are going to be BIG imo.

Expand

Appreciate the information mate, and also your thoughts on the board.

I must admit it's very easy to get dissuaded and persuaded by opinions on these boards, and to come to unmaterialised conclusions. It would be great if AGMs were recorded for those who cannot travel interstate to attend. Maybe they do and I'm just ignorant. If they do, I'd like to know where I can source it. That way, you can get a better idea of the thinking behind decisions.

Again, thank you for the feedback!

Last edited by JoeCool5150: 28/05/22

FFX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
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