FFM 2.47% 83.0¢ firefly metals ltd

Ann: Sampling returns results up to 569g/t just 6km from Resource, page-15

  1. 2,728 Posts.
    lightbulb Created with Sketch. 116
    With plenty of cash in the bank, there is absolutely no need to raise any further capital in the current poor world market. They raised $20M at 8 cents earlier this year, which proved a very wise decision. I was disappointed at the time, having just purchased some shares at 10 cents.

    Once things change in the market and the POG rises (which it will), and the updated MRE is released early 2023, then it may be time to raise further funds. The Board and management are experienced with these matters, acknowledging they have better information than us.

    As the Chairman said in the Annual Report, they are focused on
    "pursuing a dual strategic focus to unlock the full potential of Pickle Crow - targeting near-mine growth close to the historic deposit, growing the Resource and advancing towards production, while also achieving regional discovery." The excellent drilling result announcements over the last 12 months, shows they have the potential for a gold camp.

    I am excited about Auteco's future, and with good reason. LOL.

 
watchlist Created with Sketch. Add FFM (ASX) to my watchlist
(20min delay)
Last
83.0¢
Change
0.020(2.47%)
Mkt cap ! $398.9M
Open High Low Value Volume
80.5¢ 83.5¢ 80.5¢ $949.2K 1.158M

Buyers (Bids)

No. Vol. Price($)
4 37168 82.0¢
 

Sellers (Offers)

Price($) Vol. No.
83.0¢ 9998 1
View Market Depth
Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
FFM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.