Let me put something forward- there are BIG questions to be answered assuming the media is correct an we will significantly miss production guidance and have do another cap raise
— Why demerger actually took so long to occur (has cost us all big time, though they weren’t to know)
- Why the three directors actually resigned
- Why the managing director stated 1 month ago that everything was fine, when it’s not
- Why no drilling results for the better part of 3 months
- Why no life of mine update
These are the very basic questions that MUST be answered first and foremost.
THAT SAID
- We still own 20% of LLL which will appreciate in value over the next six months (currently worth circa 12c/share)
- We still own Morilla and the already confirmed pits around it, all of which contain gold levels well above what’s required for viable mining.
- We are still mining and producing gold
- We will get our cost down, regardless of the news monday
If we get the cash from the capital raise and use that to profitably mine 20000+ ounces next quarter, LLL appreciates to say 80c per share then basic maths says FFX will have a value around 40-55c.
At the average of that range those that are unhappy here can get out with what you had in it before the demerger and can solely hold LLL.
This is sh*t it really is and we must get answers to my questions above to clear the air and move on.
Many of you are emotional but you will get a chance to get your money back before the weather gets to hot again, it’s just not today.
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