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20.0¢ firefinch limited

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Paulweller66

2,562 Posts.

835

11/06/22

17:50

Post #: 61958917
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Originally posted by bonge ↑

I have wondered why FFX chose to hold 20% of LLL, especially in escrow for 2 years.
I suppose this holding puts a floor on the FFX share price while it ramps up to maximum
gold production before the escrow lifts. If and when that happens, FFX would have both
the steady income and a store of LLL shares to do something significant.

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Also makes a takeover very complicated and expensive.

FFX Price at posting: 27.0¢ Sentiment: None Disclosure: Held
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