Yep, waiting on Morilla finance held up this demerger a good ten months IMO. Imagine LLL being to market before the other major li projects in a similar phase.... It's cost us LT investors dearly, not only in dilution but in lost revenue first year of LLL as I think the price of li will come right back just as it did when PLS and AJM joined the industry - just at a diffferent scale with overall demand and production being multiples of that episode.
Never the less we'll be making big profits at $800-$900 and being linked to the hydroxide price so it's water under the bridge now. Morilla would want to deliver as advertised is all we can say now. Having a gold mine as inflation kicks in (7% US figure released this week) isn't a bad spot to be and FFX will be well placed to buy another come 2025. ( I only hope it could be PDI - offer them half FFX post demerger in a scrip deal, we can pay for their exploration, mine and plant from profits - no debt, no hedging, they can enjoy being profitable earlier and retaining their project, Morilla and equiv 10% of LLL).
Anyway that fantasy aside collectively these two businesses FFX and LLL WILL be multiples of the current MC, so we wait...almost last to the ball, but best dressed.
FFX Price at posting:
74.0¢ Sentiment: Buy Disclosure: Held
