Can someone please tell me what’s going on?, page-55

First 55 Last

Share
Profile

Follow
Empty Nose

4,205 Posts.

604

12/06/25

16:00

Post #: 79409899
Share

Originally posted by JungleJim1: ↑

"Based on professional advice the Board has determined that the most effective way to deliver the
most value to shareholders at this time is to retain the LLL shares and pay shareholders dividends from
the LLL distributions. If LLL achieves its aim of recommencing trading on the ASX, the Firefinch Board
will determine the best way to return the value of those LLL shares to Firefinch shareholders."Reading in between the lines-
It seems with the cash on hand, a dividend will be paid soon based on an unfranked dividend 64% (because its CFI)and the balance hopefully ROC.it seems any distribution of the LEO shares will be a taxable unfranked dividend. pointless to do this. FFX needs to wait for the LEO outcome 3. If LLL achieves its aim of recommencing trading on the ASX, the Firefinch Board
will determine the best way to return the value of those LLL shares to Firefinch shareholders.- my guess is that the LEO shares will be sold at market and the dividend should be a ROC. Unfortunately, this destroys the value of LEO. This is a CLUSTERF*?*K of huge proportions

Expand

If distributing LLL shares without LLL trading on ASX, what is the value, the deemed value?
nobody wants to stick their neck out in the legal sense because the master might dish out punishment

distributing shares or the cash proceeds of shares seems to be the same or similar?
the capital account available to use in the distribution wouldn't change, would it.

Last edited by Empty Nose: Thursday, 16:02

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

0 Great analysis

Reply

Top Stories

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

CUV

Clinuvel shares dip, even as CEO comes back from temp leave

ASX

ASX Ltd notches upward on sale of company meant to fix CHESS 3 years ago

MEG

Iberian expansion: Megado turns to Europe with Spanish copper mines

AVM

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

RML

Resolution's dual-listing to 'expedite growth' – and sets stage for NASDAQ foray

Gold, Brent Crude spike as Israel strikes Iran in worst-case scenario

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Zip's stunning comeback: Is this the start of a $14 revival?

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

First 55 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Can someone please tell me what’s going on?, page-55

Top Stories

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

Clinuvel shares dip, even as CEO comes back from temp leave

ASX Ltd notches upward on sale of company meant to fix CHESS 3 years ago

Iberian expansion: Megado turns to Europe with Spanish copper mines

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

Resolution's dual-listing to 'expedite growth' – and sets stage for NASDAQ foray

Gold, Brent Crude spike as Israel strikes Iran in worst-case scenario

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Zip's stunning comeback: Is this the start of a $14 revival?

HotCopper Highlights, Week 24: Israel boosts Energy; Meeka eyes production & Mag7 back

Featured News