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

FFX

Click for more information

0.00%

20.0¢ firefinch limited

Ann: Settlement with Govt of Mali & Agreement with Leo & Ganfeng, page-85

First 85 Last

Share
Profile

Follow
markymark2345

407 Posts.

309

13/05/24

22:39

Post #: 73805992
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

exactly the reason why the LLL shares need to be distributed simultaneously to the sale of Morila / settlement with the government. if a resolution for this isn’t included in the vote it shows these scam artists true intentions

These spuds have farked up at every turn and have failed us as shareholders, they have the opportunity to fall on their sword and make it right… but a leopard doesn’t change its spots so I don’t hold my breath it won’t require a fight

FFX Price at posting: 20.0¢ Sentiment: None Disclosure: Held
25 Upvote

4 Great analysis

Reply

There are more pages in this discussion • 44 more messages in this thread...

First 85 Last

Add FFX (ASX) to my watchlist

SPONSORED BY