FFX_Chart Only Thread !, page-960

Coming off 73c down to 54c today, with 4m on the buy queue and 10m on the sell, so until that equals-up it will probably continue it's decline. Someone wants to sell 2m shares at 58c for a cool million dollars plus. If it doesn't hold above 53c, and at the moment it's not looking like it, then I'd expect it to flow down to 43c. It's had a hell of a run this year from 15c to 73c, but now some holders are obviously wanting to take some profits. If lithium and gold both have a bit of a breather, then further declines are likely, and then we have the interesting prospect of the Leo spin-out and it's affect on the FFX share price. So let's see, what are gold producers doing about 70k ozpa in market cap terms? Perhaps somewhere around $200m, which gives FFX a share price post the Leo spin-out of less than 30 cents. And don't forget it's only going to control 40% of Leo. I think that eventually, shareholder expectations may need to be tempered as it has a reality reset. Anyway, let's see what happens. I'd suggest that if you want to buy more, in order to get a larger cut of Leo, then watch the charts, especially for a return of the 10d EMA back above the 35d EMA, when that happens you might get some stabilization of price and find that the company share price has reached a leveling off status, but looking at the charts for me at the moments, that's around the 42c mark, and you'd expect the 40c base to hold for now, hopefully.

Gw