FFX 0.00% 20.0¢ firefinch limited

Waiting waiting waiting, page-17

  1. 9,586 Posts.
    lightbulb Created with Sketch. 2892
    If we manage to get a large chunk of debt (highly doubtful I would have thought) instead of equity to fund this the terms will surely be horrendous.
    AJM only managed 14 to 15% + a big whack of shares + a 3% facilitation bonus to get their deal across the line and they are in a safe jurisdiction from the point of view of the money lenders.

    I've got a feeling we are going to get absolutely taken to the cleaners to fund the cap ex. And with a mine AND a chem plant to build....
    Still should work out well for most holders in at these levels, but I'm not looking forward to that announcement at all.
 
watchlist Created with Sketch. Add FFX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.