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20.0¢ firefinch limited

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dazaliam

6,005 Posts.

1966

28/08/22

14:26

Post #: 63367720
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Originally posted by GARETH78 ↑

The LLL shares are the key here IMO.

A just over 17% stake. Market value currently $115m (as a job lot more).

Someone also has the 28.6m shares sold by FFX if not already sold on market. I think not. I think Canacord could own these. IMO.

There has been ample opportunity to by 4.99% on market the last 6-8 weeks and stay under the reporting threshold.

The escrow shares can vote.

Control those and you control LLL.

Make a TO offer for LLL (forced if over 20%). If approved LLL escrow finished.

If not approved your holding will likely be worth considerably more. It's a WIN WIN.

Creep rules kick in for LLL sub holder.

The key thing is they will want a Gold player to want to pick up the gold assets.

Just my Sunday arvo beer musings.

The thing is there is money to be made here by someone. Potentially alot.

A few Li Producers starting to build up some serious cash holdings and have limited borrowings (Loan to buy LLL??)

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or LLL buy the escrowed shares once in production in 2 yrs?

FFX Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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