FFX 0.00% 20.0¢ firefinch limited

Euroz Coverage, page-205

  1. 419 Posts.
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    What’s news is buying an asset in a very recent military coup country.


    That’s high risk.


    If announced before the coup it would be more credible, but it’s clear to any political head an agreement to transact announced within weeks of a military coup, is a gamble for the buyer.


    Clearly lithium won’t get going after a DFS here due to the uncertainty after a military coup.


    If it works out fine fair enough, but it’s a gamble.


    Considering MLL has never been open about country risk (compare to Kodal), even dragged its feet to update after the coup, punters should be exercise great caution that with such a pattern of slow to inform, the same will happen again. The counter to my claim on caution is some have piled in insinuating they have Sophisticated investor level insight with the capital raising and that “all’s well”.

 
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