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

FFX

Click for more information

0.00%

20.0¢ firefinch limited

General discussion, page-3129

First 3129 Last

Share
Profile

Follow
52570

4,715 Posts.

509

22/03/22

14:05

Post #: 60343059
Share

Originally posted by Red Baron: ↑

There has been a lot of talk about the demerger and I'm probably the main offender.
The reality is, the demerger will occur, so it's when not If.Getting back to the big picture, there was a lot of information In Doc Mike's interview on the investor ch annel
I've summarised what I considered the main points below

- Should access 1st ore from Morila next Q
- Organic growth & once cash flows are flowing to acquire additional assets
- Simon in Mali atm
- Lycopodium who have assisted us in all the study work, are almost certain to be the EPC contractor
(Engineering, Procurement & Construction)
- Expect full blown construction to start there (Goulamina) next Q
- Demerger timetable hopefully will be clarified in the very near term
- One final step to transfer the license
- Listed hopefully by end of next Q
- Morila open to West, North & East
- Morila a proper mine, built to last by 2 majors
- Goulamina Resource + Reserve top 5 of the undeveloped projects,
and is open at depth & along strike, we believe there is some low hanging fruit that could add 30-40% to the resource base
- Ganfeng - their narrative all along has been how quickly can we build it, how big can we build it
- SP6 spot price over $5000/t now, don’t expect to get that, but based on $1250/900 payback period was 8 months,
this project isn’t even remotely sensitive to capital
- Our shareholders stand to experience a real value realisation.
- Downstream opportunities absolutely, but lets get this up & running 1st
- I’m confident Ganfeng will be very much open to expanding its horizonsinto downstream processing
Mali better positioned to supply the European market
- On the brink of the final steps re demerger
- ML needs PM sign off - hopeful that’s imminent
- Once the record date has passed, there’ll be a clear timeline to Leo’s listing, hopefully by end of next Q
- Companies that produce what Leo will, are multi billion dollar companies
- Companies that produce 200k oz of Gold are billion dollar companies, and we’re looking to grow beyond that.

Expand

Re Goulamina ; Its clear that work has been going on at the site for a while now - such as the sterilization drilling and site works preparation (as our Mr Hay said) and as above, work on the actual plant is imminent.

So while the paperwork for the de merger isn't official yet - work has been underway at the Goulamina site, for a while now.

Current situation IS TERRIBLY frustrating for all waiting for the actual listing of LLL, however the work schedule hasn't waited for the de merger.

FFX Price at posting: 83.5¢ Sentiment: Buy Disclosure: Held
29 Upvote

0 Great analysis

Reply

Top Stories

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

ASX hits all time high out the gate on Friday trades following bullish US inflation data

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

Bitcoin investors need to know the risks

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

There are more pages in this discussion • 6,867 more messages in this thread...

First 3129 Last

Add FFX (ASX) to my watchlist