FFX 0.00% 20.0¢ firefinch limited

I was going to type 'Glad we are up today, like other Lithium...

  1. 128 Posts.
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    I was going to type 'Glad we are up today, like other Lithium stocks', but realised we rarely followed gold stock in recent times after some quick checking, the market treated us as if Gold part of the business is non-existent. (this might work out well like today, but not other days)

    For example, here are three charts of last 5-day movements (1-day candle stick format):

    1. FFX:

    https://hotcopper.com.au/data/attachments/4119/4119266-b68ded13856f6c42ba71ccab3ae18e65.jpg

    [Directional pattern: down > down > up > down > up], and is -3% on the week.

    2. AVZ: another fellow African Lithium developer (so we roughly are in the same region with simliar progress, not producing yet)

    https://hotcopper.com.au/data/attachments/4119/4119275-0a02d2cdccbf537bf2cd973d64fa7234.jpg


    [Directional pattern: unchanged > down > up > down > up], and is -7.5% on the week.

    3. WAF: another fellow African Gold producer (again, roughly in the same region with simliar progress, ramping up production for both company)

    https://hotcopper.com.au/data/attachments/4119/4119273-09789f85d14e73ca4d354fa1ad31a576.jpg

    [Directional pattern: down > down > down > up > down], and is -10% on the week.

    During the recent period (you will see the comparison very clearly in the last three days during the ukraine crisis, WAF and AVZ moved in completely opposite directions, FFX act more like AVZ instead of WAF), I am suprised FFX behaves almost as if it's a Lithium-only company without even slightest respect to Gold business at all (again, not a bad thing like today).

    My quick observation is that FFX was not really being unfairly treated as many claimed (e.g. 'when gold stocks down we are down, when Lithium stocks down we also down'). Of course, not the most robust analysis if you ask me, but something to take a look and also welcome counter examples in recent period.

 
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