I like the balance of expenses heavily skewed towards the activities that will produce results (R&D, mining etc) and NOT admin \ corporate costs.
Plenty of cash in the bank, tight control on admin says to me that cap raising is far enough away that we could last until sales starts taking the pressure off cashflows. Not against cap raisings, they just need to be for the right reasons and not simply to keep the lights on. I believe the risk of further dilution to maintain an ongoing concern is low.
Now where are those sales?
FGR Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
