Yes - there appears to be a huge disconnect - compared to other Li plays
Query - missed time lines - production figures and production costs
Morilla was supposed to fund a lot out of "profits"- so far it is eating money.........................
Ongoing negotiations re "Loan Arrangement" and continued raising of funds from SH
Ganfeng deal - drawn out time lines and "talking the talk" before walking
We had news after news before raising funds to acquire Morilla - news has slowed down. You can't built a mining business on a few outstanding results""whilst production costs are higher than the revenue
FFX already hired people to drive the Li business - 4 months ahead of even spinning out LLL
I believe SH require much better news flow - inform us re potential tax implication of the spin-out - the tax matters in Mali, Au ad Li, loan arrangements etc. etc.
FFX Price at posting:
64.0¢ Sentiment: None Disclosure: Held
