FML 8.00% 13.5¢ focus minerals ltd

the capital raising bet, page-26

  1. 2,158 Posts.
    Good post SS will come back with additional comments as I get time.

    Part of my point is that when you have spent massive $$ getting the ore to ROM - not just campaign but stock pile to site to mitigate flood risk you would expect the 'OMG blow out" you are talking about. There are good reasons and this annual of course now reflects the cashflow bulge I refer to.

    Add that FML had to run 4 digging fleets and then BSGM short change them - that all the development ahead of schedule is done and paid for in that financial period. This is not a great AFR at all but it is not the disaster you speak of either. The progress bought is great!

    I await a call on some more answers and will check over your points. Please stay off you know who I cannot discuss the matter but that is where your 'concern' is centered. I have no other real issues they have been sorted and mostly forgotten. As you say the sun is shining etc.

    CW
    DYOR&DD
 
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