Australia's largest stock trading and investment forum Australia's #1 stock forum

FFX

0.00%

20.0¢ firefinch limited

HI RB. LTH here.One thing that appears on my risk register is...

First 3031 Last

Share
Profile

Follow
Sphinta

169 Posts.

114

18/03/22

14:08

Post #: 60277119
Share

Originally posted by Red Baron: ↑

I must admit I'm starting to become intrigued (as opposed to worried) as to the delay, and also why there has been no update.
Alistair said 5 weeks ago at Paydirt:
“we have just, hopefully, in the last few days, finished the complete corporate restructure to enable the demerger of our lithium asset….”

I was told there were other things that could only be done after that restructure, to complete the JV, thus enable the demerger. I assume that would include things such as the transfer of the $91m etc. I would also have thought a bit over 5 weeks would be ample time to complete those items.

I said intrigued, because I'm starting to think maybe something has happened that requires inclusion in the Prospectus. I'm just guessing here, the sort of thing I'm talking about is maybe just building stage 2 straight up. Could be a myriad of possibilities, however any change to the current plans would probably require inclusion in the Prospectus, possibly changing the finance requirements, legal opinions etc etc.

A lot has happened in the Lithium Industry since the initial Ganfeng involvement, and a lot since the updated DFS. Demand for EV's has skyrocketed - big waiting times to take delivery of a Tesla.

I'm not saying it's probable the delay is due to something like the above, just that it's a possibility. IMO it's unlike the company to not put an update out, especially for someone like Simon who probably wants to get off to a good start with shareholders.

There has been very controlled accumulation over the last couple of weeks. They don't seem to be in a big hurry and always ensure we close a few cents off our high. We've gone from 61c on Feb 24, to the present 84c as I type. On the same date AVZ was 70.5c, presently 85c. So we've outperformed our peers over the last couple of weeks, admittedly off a low base.

Expand

HI RB. LTH here.

One thing that appears on my risk register is the offtake agreement with GF regarding the price they will pay. All I can find is that a formula has been agreed upon which was viewed as reasonable at the time. I understood that it was linked to market price, but have not been able to confirm. If it's not linked to the market price, ie fixed at the time, we could be way behind the eight ball.

I'd appreciate any insight the brains trusts can offer on this as I haven't seen it discussed.

FFX Price at posting: 85.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

SS1

Sun Silver to kick off drilling next week at 292Moz Maverick Springs silver-gold project

AHK

Ark Mines inks 1.5Bt Exploration Target for Sandy Mitchell REE play including NdPr; PFS due in Q4

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

World Gold Council says market in want of catalyst; flags Asia sell-off risks. Then there's Trump

There are more pages in this discussion • 6,965 more messages in this thread...

First 3031 Last

Add FFX (ASX) to my watchlist

HI RB. LTH here.One thing that appears on my risk register is...

Top Stories

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Sun Silver to kick off drilling next week at 292Moz Maverick Springs silver-gold project

Ark Mines inks 1.5Bt Exploration Target for Sandy Mitchell REE play including NdPr; PFS due in Q4

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

World Gold Council says market in want of catalyst; flags Asia sell-off risks. Then there's Trump

Featured News