FFX (ASX) Current SP and any other thoughts

Originally posted by 1for1: ↑

Seems like Mali are dreamers.. they didn't realise the Australian lithium sector has collapsed and no bank will fund this, no more money from retail until the SP drastically changes.. The Mali government seem clueless as to how long the process has been and how we missed the boat a year or two back (possible due to not liking our last board, possible because our last board made zero effort to get support from the Mali Govt).

So after lithium demand has crashed and with it the spodumene concentrate price.. we see Mali getting bullish on mining Lithium and talking it up.. well talk about coming late to the party.. we needed there focus 18 months back.

Hard to know what to make of this as someone is in dreamland.. the ASX or Mali Officials.. i think it is Mali officials as demand has dropped off.. current suppliers are going into Care and Maintenance.

Might just be some Govt propaganda to make the Goverment seem like they are doing something good for Mali.. truth is they might have blown the only chance they had to actually get a lithium mine developed by giving our promising tenement to our only competitor.. eroding confidence in this stock and the government, destroying the share price with it. Truth is.. neither of what were Lithium hopefuls 18 months back look like they will get much more funding at all from Joe Public -- let alone from a Chinese Giant looking to bankroll an entire mine in the next 12 months (maybe a cost 5x our current market cap?)

This has been a stinking stock for around 2 years now.. we desperately need some good news, not just official news that sounds amazing without any follow through.

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I think you are not seeing the bigger picture here, in the end it will all come down to who can produce at a cost that will make the project viable long term. We tick all boxes, we have the tonnage, the quality and have very low costs to produce. We would be making good profits if we were up and running now , even with the lithium market at multi year lows,sadly the same can not be said of so many other producers. Hence the reason why they suspend operations, hoping that the lithium price recovers. If it does not then they will go out of business. Mali lithium on the other hand will be making good coin , investors are not stupid they will eventually see the value here. Once our DFS hits I'm pretty sure they will step up. Demand for lithium will be off the charts and we will be in prime position to take full advantage of it.

Hold them tight people, very interesting times ahead.

All imo and DYOR