FXG 4.40% 9.5¢ felix gold limited

Ann: Quarterly Activities and Cashflow Reports, page-3

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  1. 964 Posts.
    lightbulb Created with Sketch. 659
    unfortunately, this is now a very expensive shell.
    They ran out of cash during the quarter and are drawing a loan from the largest shareholder.
    They have no equity in their flagship project as they haven't exercised the option yet, which will cost a few mill.
    What's the plan MDF? Convert the loan then what?
    New project with a capital raise?
 
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