Agreed, ffx can suck the value out of the Leo holding without...

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dazaliam

6,157 Posts.

2000

12/07/24

17:27

Post #: 74731518
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Originally posted by fooca ↑

LLL market cap will be $10m ? ?

That is why shareholders should be proactive and emailing the company continually to get answers to:

when the Financial Reports will be released,

reply to email today - they are still in progress to get the Financials Completed, so there is no information to timelines until that is completed.

there was also no information to what the delay is now.

when is the meeting

how are talks with ATO progressing

have the LLL shares distributed as soon as possible,

what (if any) undertaking will the company announce if the Tranche 1 payment for the LLL holding is paid prior to the LLL shares being distributed,

this will return $27,427,990 (base don T1 being $0.13)

which in turn will give a payment (if T1 monies are paid in full to shareholders) of $0.023 per FFX shares.

the company holding any cash payments from LLL is a scary thought, inclusive of the EGFT claim

hopefully, the LLL shares will be distributed prior to tranche 2 is paid by Ganfeng (if the above occurs)

they way things are looking, I doubt there will be any cash reserves post the Mali / Settlement / Contribution have all been concluded.

cheers

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Agreed, ffx can suck the value out of the Leo holding without selling a single share. Once they have the cash forget seeing any value returned to holders. imo
FFX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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