FFX (ASX) General discussion

Originally posted by newbieguy: ↑

I disagree .. they haven’t kept market upto date.. demerger was announced in May and we still don’t have details about the demerger

ganfeng JV in June and Mike clearly said no dilution before that but what happened.. euroz happened

Been drilling for a while with 5 rigs and how much drilling news released to the market .. next to nothing..

I can go on.. I’m only here because I still believe in Alistair but Mike .. he has no vote from me.. he’s just taking credit for all the fantastic work done by Alistair.. Alistair built a path and expected Mike to maintain and water it but Mike has done the opposite .. stopped watering it
(not keeping the market informed leading to shareholder losing interest and selling)

SH have a greater participation these days .. wallstreetbets is an example but I’m not doing a comparison here..

If there was steady flow of information then new investors in a larger number would have come onboard and euroz sell off would have been easily absorbed without any hit to the share price .. it’s good to have faith in the management but not blind faith.. they are getting paid to do a job which they are not .. atleast not to the potential both our projects deserve..

Now i will have the if don’t like the management move on brigade come but let’s be logical here ..

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I have never advocated for faith. I will advocate for the foot off the neck and giving a reasonable enough amount of benefit to experienced resource executives - which are adequately incentivised and simply know more. Nothing wrong with giving a call and asking for an update to be published.

SH'ers do have a lot of influence, usually wielded like a crying child with an ice-cream in a fine art gallery. What about the JV do you want to know that hasn't already been said? The quantum of SOI for SH'ers to purchase will be dependent on additional capital requirements identified by the next DFS. Yep, agreed, keen on the drilling announcement. Few eyebrows being raised.

Mike hasn't done "the opposite". He isn't working in a vacuum to the board. His office is probably sitting right next to AC's when he's in. Borgy is balls to the wall involved. Think he has his hands off the steering wheel?

Give him a call. He'll give you some answers you'll like, and he'll give you some generic stuff because he can't tell you details of stuff that is being packaged together and is dependent on doing things properly, and he'll give you some answers you won't like, because euroz and anyone who hires them can go kick rocks by the pond and it was disappointing to see them back on the register and selling so aggressively. But let's remember that it was their clients that saved our ass when we were on the edge of insolvency.

If the GDXJ purchasing whole tranches at absolutely arbitrary prices cannot offset Euroz selling, then there is absolutely nothing your dad and his mates are going to do because some tread water baggie bate trap news came out. This is an institutions game now.

12 bags in the last year and a half is hardly a call for a coup. I just ain't seeing it. Again, not perfect, but good.

Alistair also said no more dilution, so let's not make a golden child out of one and red headed step child of the other.

I ain't carrying water for these guys, I'm not impressed with euroz. And I'm not impressed that AVZ has shown what sort of deal is possible to be made re: capital and FFX weren't able to achieve something comparable. But I am impressed that this company has two - billion dollar - opportunities with a pathway forward where only ~18 months ago we were staring at 4c - down from an 84c pump and dump and an executive team that got rightly - walked.