FDR finder energy holdings limited
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Need to check the financials which are not so good , $2.7m loss...

  1. Knight16
    2,212 Posts.
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    15/04/22
    15:14
    Post #: 60872726
    Need to check the financials which are not so good , $2.7m loss , $13.2m in liability/loans , only $1.3m cash in bank

    just raised $15m from IPO and Equnior transferred $9.8m to Longreach and now Finder are liable for the full work program

    If I read it correctly, Longreach are suppling Finder with a $13m + line of interest free credit which is fully paid back on demand

    Could be a one trick pony if Kanga is a duster !!


    DYOR -IMOhttps://hotcopper.com.au/data/attachments/4267/4267521-e1d7ef93db15a9115eaadb3235f1d355.jpg
    FDR Price at posting: 24.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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