Agree.
However we are likely to feel some short term pain here until FFX confirms how they go about the funding, so a few more weeks likely.
FFX is asset rich cash poor (now) and the LLL holdings are could form part of the funding, be it sell the entitlement shares and / or use the escrow as collateral.
Market knows this hence todays trouncing.
IMO
General Discussion, page-555
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