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20.0¢ firefinch limited

Can you see the duffle bag with our money in it?

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BullishBearish

2,146 Posts.

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03/11/22

13:32

Post #: 64569155
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Originally posted by manny100: ↑

Interesting:
March '22 Quarterly cash flow point 8. Estimated cash available for future operating activities = 2.3 quarters Ann 27/4/22. Getting very tight. Red Flag. Cash needed.
June quarter: 1 quarter of funding available. Ann 1/8/22. Suspension followed.
September quarter: 11.2 quarters of cash available for future operating activities. Based on current levels of operating expenses and revenue and available cash which includes LLL share sales and reimbursement of around $21 mil.
11.2 Quarters available at current operational expense/revenue levels looks ok.
The problem is that the business cannot grow without a huge injection of funds to provide CAPEX survive and to grow the business to profitability. ... and of course the level of creditors.
Without growth it will eventually go broke.

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Can you see the duffle bag with our money in it?

Last edited by BullishBearish: 03/11/22

FFX Price at posting: 20.0¢ Sentiment: None Disclosure: Held
8 Upvote

0 Great analysis

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