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My plan is to purchase my full LLL entitlement and hope that the...

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SecretPauly

274 Posts.

104

07/01/22

15:35

Post #: 58710044
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Originally posted by mystikal: ↑

its definitely a bit weird for me too. so it really depends on what happens in the first month because if LLL jumps to $1bill on day1 then I wouldnt sell FFX to go into LLL (i.e. look at KNI massive jump on open, 4 bag). However, FFX for the gold has a lot going for it as well which is what holding me off, plus CGT holding period for recent SPP.

so for me there is enough reasons for me to stay in FFX
- 3-4 near term exploration catalysts: Morila superpit at depth, NE extensions, koting, other pits
- Samacline potential (which hasnt been included in LOMP despite known) and the gap in between morila and samacline (a few easy drill holes), will be gamechanger
- Known Production outputs (100K oz to 200k oz) for the next 10 years
- Alot of untapped/unexplored land
- 2 projects nearby that have gold that are owned by others if needed we can do licensing/tolling agreement as a last resort to extend the LOMP for another 2-3 years past the 10 years if we cant find anything (which i dont think it is the case)
- 20% LLL hedge.
- Really big cash balance

the most important one for me is Samacline as that is pretty much a massive project on its own as is and has the potential to be another morila, they just need to see if it connects between the main pit and Samacline to see if it is worth doing a massive pit or 2 separate operations.

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My plan is to purchase my full LLL entitlement and hope that the FFX/LLL split is 50/50 value wise.
I'd continue to hold FFX as a hedge if so.
That's the only way to ensure that FFX long holders get the most out of the demerger.

FFX Price at posting: 83.8¢ Sentiment: Buy Disclosure: Held
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