Agreed. I wonder WAF across the border in Burkina Faso were...

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Hardrush

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30/06/23

10:21

Post #: 68548864
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Originally posted by WoodySpoon ↑

NOT SO GOO:
Dayumn, they still seem keen and confident of a full sale of FFX.
Morilla still not finalised - Shareholder approval needed - What's the timeline to organise a meeting, 30 days? So another two months on this?
The bidder sounds like the major creditor. If so they get to fail in bringing in equipment, and fulfilling their contract, then pick up the company for a couple of bucks? That's not going to go over too well.

GOOD:

If they are going to recommend an offer to buy FFX and it actually gets up, the longer it takes, surely the higher the LLL price goes. (DSO ann today)
Slightly more detail in that they have a firm bidder for Morilla at least?
Still got lots of the cash left

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Agreed. I wonder WAF across the border in Burkina Faso were approached?
As a holder of both gold producers (yes, both should be making serious coin now) I am still mystified by the monumental stuff up with FFX after all the due diligence undertaken. I originally got in with Birimian for Li in Mali and always wondered why would Barrack so readily sell the Morilla resource to a board so dedicated to pursue lithium development above else (its in all the announcements).
Happily holding LLL for Li amongst others, but would buy the book on WTF really happened with FFX & who comes out smiling (certainly not we SHs)
GLTAHs

Last edited by Hardrush: 30/06/23

FFX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
19 Upvote

0 Great analysis

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