Did you see the markets tank last night.. Blackrock's gonna write off hundred billion plus caught up in Evergrande ponzi... this though predictable, has worsened since last week with shares trading being suspended in Hong Kong so the stock market contagion today has blitz the ASX with most juniors down 5-10%.
Goldies up today or a good % anyway so once again looks like the market is picking and choosing what we are and today we are a lithium play. Looks like in the short term we are a plaything for a deep pocketed entiy.
Basically though, T.A didn't do this.. It was Evergrande and international panic contagion to ASX stocks that did this else 62c was our support if last night was green so would we be.
US inflation is running hot just like Powell said it wouldn't yet gold stocks only showing a little fight the market is asleep at the wheel with gold so High and gold stocks selling down across the board it really is the place to be parking coin looking for huge dividends - for Firefinch its a wee way away however if we can demonstrate some decent profitability Sept Qtr the market should take notice that we will in fact be generating coin with our satellite deposits and moving forward with the Super Pit resumption we will be back to Morilla's former glory.. only with an $1800 base gold price and $2400 in AUD terms.. lip lickingly good!
FFX Price at posting:
58.0¢ Sentiment: Buy Disclosure: Held
