FFX 0.00% 20.0¢ firefinch limited

Ann: Heavily Oversubscribed Share Purchase Plan Raises Over $9.8m, page-15

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  1. 9,224 Posts.
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    Well done holders and good decision by management to accept over subscriptions. There is always something that doesn't go quite according to plan so having a few dollars extra up the sleeves might prove handy.

    IMHO there is nothing worse than a company that doesn't accept over subscriptions in a cap raise then finds out 6 months later they are short of funds. Extra cash here will hopefully give some extra options for management in future plans.

    I took up the full $30k as well, but I'm not expecting any magic from the share price until we get resource estimates, or possession of mine with it working to plan, and/or a higher price in gold.

    I expect there will be quite a few new holders from the soph/insto raise that will take all or part of short term profits when they get their allocation in Tranche 2, potentially stifling price rises for a while. (Hopefully I'm wrong)
 
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