Ann: Firefinch Celebrates First Gold Pour, page-144

Yeah the reason they sold Bibiani is they can't turn a profit on their producing gold mine even with the price of gold at $1800+ ! ! ! !
They're carrying more than $100 mill in debt and not making a red cent, so couldn't develop it.
Not paying any dividends, made up their figures on operations with dodgy accounting IMO and their spectacular dud of a CEO was just given the arse.

Anyone thinking they are a saviour is barking mad.


I'd imagine they are going to use their money to pay down debt - try and get their mine to produce a profit and try and pay a divi to stop the free fall of their share price.


AVOID like the *ing plague !