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FFX - Firefinch Limited

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Re: BGS - Birimian Gold

Does anyone have this stock on their watchlist? I am looking to buy monday at 0.026 if it does not gap. I wish i caught it before it rocketed past its 21 day EMA.
 
Re: BGS - Birimian Gold

Tano said:
Does anyone have this stock on their watchlist? I am looking to buy monday at 0.026 if it does not gap. I wish i caught it before it rocketed past its 21 day EMA.
Click to expand...

not much has been posted on bgs tano
have held some from mid teens, happen to like the story and the connection to randgold and sprott, in a known gold province.it was the papillon (pir) research that led me to bgs-and have some confidence in the area-if you check out the morila mine that is very close, it may show the potential, so for me its a punt on being in on the ground floor as it were.of course, nothing guaranteed in the markets! but gold has bounced a little, and seems that sentiment has changed for the better.
was 1.9 cents a few sessions back, so some have caught on-as drilling results come through, i think there may be a bit more interest.
sprott management are bullish on gold, and on west african goldies- and birimian does get a mention.
i have done a bit of research on randgolds early morila exploration, seen the proximity for bgs, and invested accordingly.
hope you got some at 2.5 tano, and good luck-perhaps the thread will get a bit of dialogue.
:)
 
On July 12th, 2016, Birimian Gold Limited changed its name to Birimian Limited.
 
Mr. Market didn't like today's Pre-Feasibility Study for the Goulamina Lithium Project in southern Mali.

BGS currently down 28.92% to 29.5c on fairly heavy volume.
 
Birimian has been on a bit of a roller coaster ride since my last post.

After bottoming out at around 27c in mid-October, it rose rapidly to 84c in late December. It then proceeded to fall back to 45c, rise again to 69c before collapsing again to 41c.

Now it looks to be heading north again after announcing some positive drilling results from its Goulamina Lithium Project, finishing the day at 46c.

Bit of a wild ride this one.

big.chart.BGS.gif
 
On June 24th, 2019, Birimian Limited (BGS) changed its name and ASX code to Mali Lithium Limited (MLL).
 
MLL looks to have turned the corner lately. At the end of 2017 (and start of 2018) it hit a high of .83c and since then has fallen to a low of .04c. ?

Price is now rising as well as volume so someone is interested, it's breaking out above higher levels and even New Year Highs.

Screenshot 2020-10-22 084402.png
 
On November 6th, 2020, Mali Lithium Limited (MLL) changed its name and ASX code to Firefinch Limited (FFX).
 
staying local, in W Africa, but changing emphasis (as they do)

• Goulamina Lithium (spodumene) deposit is simple and robust with high ore grades and low strip ratios enhancing profitability
• Strategic review underway to release shareholder value
Firefinch Limited (ASX: FFX) (formerly Mali Lithium Limited) is pleased to announce the adoption of a new brand and identity. The Company will commence trading under the name “Firefinch” and the ASX code “FFX” as of Friday 6 November.
The firefinch is the national bird of Mali. Executive Chairman Alistair Cowden said the change heralds a new chapter and supports the Company’s strategic transformation initiated when the Company agreed to acquire the Morila Gold Mine in Mali in August 2020
Click to expand...

OUR PLAN FOR MORILA

IMMEDIATE
• Complete acquisition: approximately US$27 million by Nov 6th, 2020
• Maintain tailings re-treatment and cashflow, investigating extending tailings life
• Commence infill and extension drilling at satellite pits, Morila and Koting discovery

RAMP UP PRODUCTION
• Resource and Reserve estimates for Morila, satellites and tailings
• New mine plan, operating and capital costs, production schedule
• Commence mining at N’Tolia and Viper to increase production
• Dewater Morila, re-establish tailings dam, refurbish power station:

BRING BACK MORILA
• 4.5mtpa production from Morila pit
• Near mine and regional exploration for 10 year plus life
 
OUR FOCUS IS GOLD
• Mine responsibly and safely – local first
• Grow Morila to a 150,000–200,000 ounce gold producer
• Discover more on our 685km² holding
• Participate in consolidation of African gold producers

DE-MERGE GOULAMINA LITHIUM
• To provide shareholders with two clear investment propositions: Ø Firefinch and GOLD Ø Goulamina and LITHIUM
• Partnering and financing process for Goulamina

- went up on yesterday's Ann and a bit of selloff - which seems to be the case every time it makes a run

1612915339549.png
 
Chinese battery metals giant Jiangxi Ganfeng will fork out more than $250 million for a 50 per cent stake in a lithium project controlled by Perth-based Firefinch Ltd.

The deal will see Ganfeng provide $US130 million ($169 million) of equity funding and arrange debt funding of up to $US64 million in return for a half share in Firefinch’s Goulamina project in the West African nation of Mali.

Ganfeng is one of the world’s biggest lithium players and a supplier to the likes of Samsung, LG Chem, CATL and Tesla, and a partner in Mineral Resources’ Mt Marion lithium mine in Western Australia.

The deal means the Goulamina project is nearly fully funded and set to become the next big lithium development.

Ganfeng has also struck an off-take agreement covering 100 per cent of spodumene production across the initial 23-year mine life at Goulamina.
 
In africa, chinese joint collaboration is the way to go as you will get the Chinese army efficiency (...) behind the scene ensuring your investment will stay safe.
But still not sure it can apply in sahel (mali/niger/burkina faso) where the situation is so dire.
On paper, great news
 
qldfrog said:
In africa, chinese joint collaboration is the way to go as you will get the Chinese army efficiency (...) behind the scene ensuring your investment will stay safe.
But still not sure it can apply in sahel (mali/niger/burkina faso) where the situation is so dire.
On paper, great news
Click to expand...
A liquidity event, perhaps?
 
Currently in trading halt pending an "interesting" announcement.

news3.PNG

I've been in and out of FFX recently. My last trade I was happy to take the quick +2R on the price rally without news. The trading halt states that there's news pending and I suspect the recent price rally was due to "leaks".

ffx1308b.PNG


I suspected that the rally was due to the Li activity rather than gold. Sentiment for Li has been strong while gold has been weak.
 
Gold/Li stock FFX has confirmed it's going ahead with the spin out of it's Li asset and will give us priority via preference shares to the new Li company to be listed on the asx and be called Leo Lithium Ltd...

1629129294492.png
 
aus_trader said:
Gold/Li stock FFX has confirmed it's going ahead with the spin out of it's Li asset and will give us priority via preference shares to the new Li company to be listed on the asx and be called Leo Lithium Ltd...
Click to expand...
Much closer to fruition now.
Nice looking chart lately also.
 

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