Australia's largest stock trading and investment forum Australia's #1 stock forum

FFX

Click for more information

0.00%

20.0¢ firefinch limited

Current SP and any other thoughts, page-7624

First 7624 Last

Share
Profile

Follow
Recruiter10

5,123 Posts.

784

03/11/20

12:13

Post #: 48609148
Share

Originally posted by Red Baron: ↑

I don't think we're going to see too much work on the Lithium side, only enough to keep the Government happy, as Doc insinuated.

We have the MinRes/Abermarle Wodgina plant on care & maintenance, Altura in receivership, Alita who had the Bald Hill mine went bust last year, Galaxy slashing its production, PLS also slashing it's production. This is despite all those forecasts of massive shortages in 2020. The market may come back next year, it may not. One thing for sure is there is a lot of under utilised capacity at present. There are many smaller Lithium players doing it hard at the moment, those bigger companies will swoop on these, such as PLS with Altura.

A few years down the track, we'll have a valuable asset, we just have to do enough to keep our licenses valid in the interim.

On another subject, it's surprised me the volume going thru sub 16c. Can't see any of the recipients of the placement or SPP selling at a loss, possibly a few over extended SPP participants? I assume most is coming from pre Morila holders. They would be investors who bought in for our Lithium. Now our Lithium is on hold, they may not be interested in being a gold investor so are exiting?

Expand

it is surprising, sell side looks amazingly deep, I cant work out why...

MLL Price at posting: 15.0¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

Bitcoin investors need to know the risks

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 28 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

There are more pages in this discussion • 105 more messages in this thread...

First 7624 Last

Add FFX (ASX) to my watchlist