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20.0¢ firefinch limited

Ann: Goulamina Lithium Project Obtains Final Approval, page-59

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bigjig

925 Posts.

96

28/08/19

12:53

Post #: 40194948
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Originally posted by Jayfire: ↑

Raising at/near 52 week lows is generally not a preferred way to bring in financing. Ideally, I think the company should find a buyer for its non-core gold tenements (what better time than now?!?) and tighten up the belt until 1) a binding offtake/joint venture deal materializes 2) until DFS is released, which should show resource/reserve upgrade + METs optimization, etc.

The combination of one or the other, would do much to lift up the share price and of course a return in sentiment towards lithium would only help more.

That's when you would want to raise the bulk of the financing CAPEX.

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Well put Jayfire.

Other than for working capital (ie to keep the lights on), IMO no need for major raises until decision to mine is made.

MLL Price at posting: 12.0¢ Sentiment: Buy Disclosure: Held
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