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GARETH78

8,304 Posts.

2942

28/09/22

10:54

Post #: 63916595
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Originally posted by fooca: ↑

Take this how you please, the following is my opinion
Currently, the only hindrance to attract investors to LLL and/or the performance of LLL with having FFX directors (either current or former) on the LLL board is the current shareholders of both FFX & LLL that are in some self sabotage mode with the constant whinging across social media sites about them being on the board of LLL.
~ I have a high level of confidence that if they (or any director/KMP) are not performing then Hay will sort it.
~ Should the whole board be spilled including Hay? considering it was those same directors that everyone want gone employed Hay
** where will the self imploding stop?**

It is to the point that it is festering and causing delusional posts about claw backs, Malian Government concerned that the same fate awaits LLL, accusations of trading insolvent, sell Morila and liabilities for $1, have a bare shell and wait until the LLL share come out of escrow -- (the ASX will not allow FFX to be a bare shell with no core business activities and sit idle) etc and so on.

@GARETH78 If the company was looking to raise $90M in 2 tranches, if that went ahead they would have had a pro-forma cash balance of $123M
~ does that indicate that they currently still have a cash balance of $33M (August end? ie: take out the placement $90M from the $123M)

cheers

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They state $126m of which $36m was end Aug cash. This will almost certainly be less now, maybe $30m?

FFX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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General discussion, page-7756

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