Australia's largest stock trading and investment forum Australia's #1 stock forum

FFX firefinch limited

0.00%

20.0¢

Did we ever have the mine? Seriously, where is the evidence that...

First 83 Last

Share
Profile

Follow
ramAustralia

32,792 Posts.

134

13/05/24

12:09

Post #: 73795107
Share

Originally posted by john_utah: ↑

My point was in reference to LLL.

FFX have 17% of LLL, they had even more before they desperately dumped a heap.

The worth of that holding has reduced significantly due to these government issues, which is a direct result from the decision to pull the pin on Morila.

Even if Morila is worthless, it would have been better leaking money into it while exiting gracefully, maintaining the value of the LLL holding.

instead we have no mine, $11 Million being paid to government, and a holding in LLL worth almost half of what it was distributed at.

So yes, we were better off before they pulled the pin.

Remember they lost millions selling the holding they initially bought for ~70c or whatever it was.

Expand

Did we ever have the mine? Seriously, where is the evidence that an entity controlled by FFX ever purchased a controlling interest in the Malian company that actually owns and runs the mine.?

FFX Price at posting: 20.0¢ Sentiment: Sell Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Most investors will get this earnings season wrong. Will you?

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

ASE

Astute delivers high-grade lithium hits at Red Mountain

First 83 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Did we ever have the mine? Seriously, where is the evidence that...

Top Stories

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Most investors will get this earnings season wrong. Will you?

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Astute delivers high-grade lithium hits at Red Mountain

Featured News