FFX 0.00% 20.0¢ firefinch limited

Ann: Trading Halt, page-206

  1. 4,022 Posts.
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    Thanks for posting this @TheSparkGuy and it does sound like $100m at 67c, this is 9c more than retail paid in the SPP.

    In the Feb 20th webinar Doc Al said they had the option of recommissioning the sag mill to do bulk milling.

    https://www.youtube.com/watch?v=dHBwMM3keqY&feature=youtu.be

    I see the refurbishment of the sag mill is in the list of expenditures.
    I had a long phone conversation with Doc Al about 3 weeks ago (Mike was in Mali) and he did mention they planned to bring the Sag Mill on line. Can't remember the timing, presume when mining the main pit. This would put the plant throughput well above the nameplate 4.5mtpa.

    Everyone seems to blame Mike for this placement. As CEO Mike will put to the Board the upcoming expenditures, wish lists (like the sag mill) etc and the funding options. The Board (which Mike is part of) then decides the course of action.

    So if you're going to blame someone at least direct that blame to the right people.

 
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