I wrote and had a reply from Dannika (investor relations) to say...

First 164 Last

Share
Profile

Follow
JohnMaz

251 Posts.

30

26/10/21

09:07

Post #: 57067626
Share

Originally posted by cbetz100: ↑

Being located in Europe it really worries me how foreign shareholders are left aside.
For a 4% capital raise it may be borderline acceptable to limit it to AUS/NZL as it comes at a cost to include as much countries as possible.
On the other hand, especially with the demerger being that close, it emphasises how much they give on overseas holders - a sh**t.
LKE made there options eligible to all jurisdictions they could and I was happy to participate. As did IMU with their SPP.

Dear FFX-board: If you want to become respected as a GLOBALLY ATTRACTIVE company and not just as an ASX-only-play you better get clarity of what your below footnote EXACTLY means well ahead of the LLL demerger.

Footnote: "1 Eligible Firefinch shareholders with a registered address in Australia, New Zealand, or a qualifying jurisdiction. Subject to foreign law advice, it is Firefinch’s current intention to be as inclusive as reasonably practicable in determining qualifying jurisdictions."

Expand

I wrote and had a reply from Dannika (investor relations) to say they are intending that UK and EU will be included. But of course we will probably only know when we see the Demerger Booklet /terms and conditions of it. But yes seems a bit weird that I can buy shares NDR ally, but can't be offered shares in a Cash raise. Although for tye amount I'd be able to buy it has been better just to wait for the SP to drop below the issue price.

FFX Price at posting: 61.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

1 Great analysis

Reply

Top Stories

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

Bitcoin investors need to know the risks

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”