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2.3¢ beacon minerals limited

Ann: 2021 Annual General Meeting Presentation, page-38

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tjsol

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02/12/21

21:17

Post #: 58036350
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Originally posted by tjsol: ↑

Hi F&B..

Agree with the above statement - I have taken this out of the FML PFS

Hence the comment about 40-50m.. they will require working capital as well.

FML have a 20m loan at 3.5% interest rate for 3years for unsecure with SD-Gold (Chinese). They need to make full repayment by year 3 (started date Oct 2020). This gives less than 2 years to get into production and need 9 months to update the plant. If SD-Gold does not provide additional support they will be first in-line to acquire FML assets as an indirect TO.

Apologies all - this is all speculation about BCN could potential acquisition.

MacPhersons project was acquired from a Chinese company.....

DYOR - these are my last comments on FML.

Expand

A bit of history on FML.... articles from 2019.

Worth reading them all... personally I think FML projects are for sale

https://www.abc.net.au/news/2019-10-09/gold-rush-town-of-coolgardie-divided-over-plans-to-explore/11584226

https://www.abc.net.au/news/2019-02-14/chinese-facing-$140m-loss-from-australian-gold-investment/10808558

China Hanking Gold made offer to buy out some FML land (we got MacP from them).

DYOR

BCN Price at posting: 3.1¢ Sentiment: None Disclosure: Held
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