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20.0¢ firefinch limited

Wish I had the foresight to do the same. Missed out on a huge...

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SecretPauly

274 Posts.

104

09/06/22

10:12

Post #: 61910938
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Originally posted by Red Baron: ↑

What we are seeing with our share price was to be fully expected and is not a reflection on FFX's performance or prospects.

As I previously posted, I'd guess at least 50% (maybe as high as 70%) of our shareholders were in it for the Lithium.
With approx 1.2b SOI, that's at least 600m looking to exit.

Many will wait till FFX returns to more normalised prices before selling, on the other hand many will give their shares away at current or lower prices.

The price is dropping because at a particular price point there are more sellers than buyers - it's that simple.

For those incorrectly saying you had to hold your FFX till last Monday to get the in-specie entitlement, I sold well over half my holdings last Friday, I received my full entitlement. No I'm not in it only for the lithium, I'm just planning to buy them back much much cheaper.

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Wish I had the foresight to do the same. Missed out on a huge arbitrage opportunity. Now have no choice but to hold.

FFX Price at posting: 29.8¢ Sentiment: Hold Disclosure: Held
7 Upvote

0 Great analysis

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