absolutely, this sits at high risk high reward level of...

absolutely, this sits at high risk high reward level of investing being early explorer. CR is the life of a 5 mill MC early explorer company really. I don’t know if too many early explorer 5 mill MC companies with 100 mill in the bank.

FRS - highly perspective acquisitions - very early - will need more money .

If they raise 5 mill they’ll still be sitting at a tiny peeeny weeny 11 mill MC. Forget opinions and sufferers of ffx totally different company every different company is on a different time line with different needs from its MD. Let’s not talk opinions on people let’s talk more facts on MA and think what FRS needs currently
FACT - MA has successfully completed CR before on favourable terms
FACT - MA has successfully completed JV’s before on favourable terms
FACT- MA has successfully completed company takeovers on favourable terms .
now think of what FRS needs in its company life cycle ?
yeh sure after ffx if Frs was about to enter a complex shares swap merge deal with BHP and IGO MA isn’t the guy but Frs is nowhere near that .