Cheers for the report back.

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matyd

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07/05/22

14:34

Post #: 61265847
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Originally posted by HeliosUK: ↑

Hi all

I was at the conference this week and caught up with the team. Not much I can add that isn't really already known, but a couple of points
Very excited to further drill morilla, strong belief there is plenty more to find
The 'imminent m&a'... Said they have started getting more and more approaching them about options, as there's not many players out there with cash and positive cash flow on the immediate horizon. Mike's wording to me, referring that they'll have $100s millions profit and they'll need to use it, suggested to me that their strategy is to significantly grow the FFX business, but I wouldn't bet on something this side of demerger. No takeover either
Did make it clear that m&a could be more in Africa or in Australia... They're keen to spread their footprint onto the right projects, not necessarily just Mali or west Africa
Insto interest - Mike is circling the globe this month and talking to a number of instos
Also said that some big lithium insto, Goldman and another with a weird name that I always forget, hadn't even got FFX on the visit list in Perth previously, just didn't think they were a big player. FFX managed to get them in, and apparently stunned them with the lithium details. I get the impression these big boys are perhaps not as onboard yet as they want to be

As for what happens after demerger, they guess the same as us... LLL will go up, FFX might drop a bit although increased LLL reduces that. But believes that if FFX drops it'll be the new bargain of the FFX because if its strong position

Outside all that, from my point of view and the turmoil in markets, I think FFX will be an awesome hold. Institutions and other investors will be looking for companies with no debt, large cash, and growing cash flow. Tick tick tick

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Cheers for the report back.
FFX Price at posting: $1.05 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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Cheers for the report back.

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