FTE forte energy nl
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cash at hand

  1. harrywyborn
    2,142 Posts.
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    25/05/09
    17:29
    Post #: 5202137
    Currently from last qrtly we had $1,130,000 cash at hand in the bank. this quarter the expected cash burn was $800,000. This would leave approx $330,000 cash at hand at the end of the financial year.

    Now not to scare anyone, i feel we will see the JORC released and then a cap raising shortly afterwards with Avea taking a larger holding within FTE. it will be interesting to see at what price we have a CAP RAISING.
    FTE Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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