No offence taken, constructive criticism always welcome.
I truly believe most of the (undervaluation) problem with FFX, is that it's 50/50 gold/lithium. Unfortunately they are like chalk & cheese, people invest in each for entirely different reasons. As you know that is being addressed.
"we were initially told the a single CR and a portion of debt financing would cover the ramp up"
Correct me if I'm wrong, but I don't recall them saying that. Having said that no CEO worth his salt is going to come out and say we expect 3 more cap raises - instant death to the SP. They clearly laid out the capex requirements to cut back the 1st 2 satellites, just as we know the main pit cut back costs, so it wasn't a total surprise they'd need some debt + equity financing. With the debt I'd assume they'll see how the SPP goes.
As far as SP performance, we closed out 2020 at 18c - I'd say we've had stellar performance. A 50/50 gold/lithium stock is never going to go as well as a 100% lithium company when lithium has tripled in the year and gold has gone down.
