It comes down to seeing value. If everyone sees the value in the business and the share price is going up its obvious and you will pay top dollar for your shares. Now when its dark and gloomy then you must relook at what you have and see if there is value to make it worth buying.
Why we like Firefinch (sprott) 1. 160-200kozpa production profile to 2030 for lower capex than similar-sized projects 2. High-grade drilling potential could take production >200kozpa 3. Exploration upside on 685km regional tenements 4. 20-year operating history at Morila with team, systems and infrastructure in place Catalysts 1Q22: Spin out and ASX listing of Leo Lithium 2022: SCPe 120kozpa run rate Mid-2022: Re-commencement of mining from the Morila Main Pit 2023: SCPe 160kozpa run rate
i think the production from Goulamina could be mind blowing. Lets add the DFS to the catalysts.
Rick Rule says he has had 10 baggers that went down 50% during his holding tenure a couple of times. So a drop from 73c to 57c should not get us too worried but does provide us top up opportunities. Dont let me hear anyone at $1 plus saying gee i wish i topped up in the 50's lol
FFX Price at posting:
59.0¢ Sentiment: Buy Disclosure: Held