Buying for the Lithium was always going to carry some risk. FFX is a Gold business with a Lithium Resource. Its primary business is GOLD and is a member of the sub Gold index of the Materials sector in the ASX.
There was never any doubt that FFX would use the Lithium to shore up its gold funding position before the Lithium was spun out. They have an obligation to FFX holders to do this.
Having said that those in for the Lithium will do very well as will those in for the Gold or both.
In no time the SP will be moving on good news etc and all this will be forgotten.
Its only an issue for short term holders.
HC should include in their sentiment area a box for short term or long term hold so we know where posters are coming from.
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