FG1 flynn gold limited
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News: FG1 Flynn Gold To Raise A$2.4 Million Via Placement & Spp, page-2

  1. 1Naughty1
    92 Posts.
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    11/12/23
    11:02
    Post #: 71380138
    These guys had a net loss of 5.5million last year. Since the IPO they have diluted shareholders by at least half and this capital raise will be lucky if it lasts to the end of the year. So what happens at the end of the year. Another capital raise, more dilution of shareholder value, all the while giving themselves a bunch of shares, higher salaries and options every quarter?
    FG1 Price at posting: 6.4¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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2.9¢ 		Change
0.001(3.57%) 		Mkt cap ! $11.34M
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