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20.0¢ firefinch limited

Its a 25m cap raise. If you look at the volume FFX churns...

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Schmucky

990 Posts.

44

25/10/21

11:45

Post #: 57044150
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Originally posted by malcolm in the middle: ↑

The bad news is that this price drop to the SPP or lower happens every time we have a SPP
and i can only recall the last two at 16 and 38.

More bad news is that most likely we have another month of trading around this 58c mark

The good news is that the price of 58 as proven by the first paragraph will be in time a price
that will be in the rear vision mirror.

Hopefully in 6 months or so i will be able to rewrite this post and recall 16, 38 and 58 cents as the last SPP
as the new SPP will be in excess of 100 cents.

In hindsight i would of sold 100k on Friday for 65 say, today i was still tempted to sell, but to get 60c
and buy back assuming 58 or below, the $2k profit and let alone the GST involved and to what i have just
written about the SP appreciation.....just not worth it.

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Its a 25m cap raise. If you look at the volume FFX churns through 8m a day over the last week. This would indicate you can absorb it quite easily. Management have listened to our complaints last time around and this time give us a chance to top up before it runs. Instos will just have to buy on market. My thinking is once the scared holders sell this morning we will be back about 60.

FFX Price at posting: 59.0¢ Sentiment: Buy Disclosure: Held
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