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20.0¢ firefinch limited

Great observation. Re-rate coming after the announcement of debt...

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JungleJim1

385 Posts.

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20/05/21

11:07

Post #: 53299303
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Originally posted by tone76: ↑

I didn't get a chance to see the webinar yesterday, and I haven't seen the replay yet.

Seems like my hypothesis about Sprott's motivation to visit Morila may be spot on. Back when I was in Agribusiness Banking, I'd visit farms all the time as part of due diligence for lending to potential new customers, new loans for existing customers, annual reviews etc. Sprott's site visit is probably like one of my farm visits, only looking at pits and mining plant instead of paddocks and crops.

I wouldn't be surprised to see other potential funders conducting site visits over the coming weeks. Sprott's apparent keenness to provide debt funding is a bullish sign, but it would be an even more bullish sign if another potential funder undertook a site visit as well. A bidding war between two or more potential lenders would likely lead to more favourable terms, with downward pressure on debt funding costs to FFX.

All IMO. GLTAH.

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Great observation. Re-rate coming after the announcement of debt funding to probably the mid 80's as previously stated

FFX Price at posting: 47.0¢ Sentiment: Buy Disclosure: Held
15 Upvote

0 Great analysis

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