people wondering why we are still in this share price range, i believe its a few factors 1. the money hasnt been deposited yet, $39m 2. there is no concrete date yet, i.e.ex-date hence people arent gonna buy in advance as there are other opportunities in the interim 3. people waiting on DFS
I believe LLL will do really well once spun out i.e. think of KDR performance post their deal, I am glad that AVZ and PSC are doing well, it provides validation that LLL can do well on spin out. FFX is a gold company first unfortunately and people are probably gonna wait till the ex date or on listing date to buy more LLL stock. We have now diverged alot from these 2 stocks in terms of correlation, they have outpaced us recently.
I hope there is more gold news in the near future actually because that will help our situation just as much, whereas the lithium information is more a tick box exercise.
FFX Price at posting:
70.5¢ Sentiment: Hold Disclosure: Held
