What better example of exactly why we needed to demerge than today.
This morning, we saw FFX enter a trading halt, but the world hasn't stopped for 3 days whilst we wait - we can sit back and watch the Lithium side roar whilst the Gold sleeps tight. What a new feeling to not be frustrated whilst we bounce around in 'nowhere land' for once.
Gold stocks fell overall (ie EVN -21.9%), however FFX in Trading Halt.
Lithium stocks generally rose (LLL +18.6%)
If FFX/LLL were still merged, we either would have had everything frozen in a TH, or the SP would have probably ended up dropping, only because we have always somehow generally tended to follow the trend of whichever sector is the poorest performing on the day.
FFX Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
