FFX 0.00% 20.0¢ firefinch limited

I was interested in that also but can’t get past the paywall...

  1. 69 Posts.
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    I was interested in that also but can’t get past the paywall either so I have trawled HC and their announcements.

    they are in Australia, we are in Africa.

    there are some striking similarities- big established resources, mined historically then abandoned until a new operator came on board (similar to us). multiple pits, plants that need refurbishment, lots of drilling done & massive land to explore.

    they spent millions restarting the mine, new equipment and did so through multiple cal raises.

    Like us, they mined numerous pits simultaneously but struggled to get the gold through to be profitable.

    They have been in suspension for 6 weeks whilst they chased a cap raise, which they did for $68m (after chasing $85m).

    they have debt & no ability to get to profitable mining before the cash runs out- there are similarities.

    Biggest difference is we have the LLL shares and whilst escrowed their might be a way to use them to keep us from going the same way.
 
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