A nice little update. We're slowly getting better. The JORC has been pushed back how many times now though?? Wish they'd just get the damn thing done.
But it's nice to see they're at least cracking on with the mining operations. The jorc will come eventually. We'll have to wait and see how the company resolves the issue with the note holders and the raising of funds through the rights issue. The company did state they are in talks with parties interested in investing via the shortfall. If an announcement were to come out stating the company had successfully raised its $3,075,000 or at least entered an agreement, it would give holders and potential investors some confidence. We'll see how we go in the coming months.
As for the actual mine itself, I think things look good. Can't see anything fundamentally wrong with the mine or the operations taking place. We're progressing slowly but steadily. But as stated, we still have issues with investor relations and management. Perhaps Mr Wayne Johnson will set us straight?? We'll see.
As I've said before. This is a high risk / high reward stock. Best of luck to us.
FHS Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
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