No need to continue to list the FFG investments into each of...

No need to continue to list the FFG investments into each of your posts, I am aware. But thanks for the detailed response nonetheless.

FFG's assets were $49m in the latest Financial Statement which was published in January of this year. That is the latest official statement we have to go off.
We can argue whether assets have increased or decreased and by how much but we don't have any official financial statement to back that up - until its end of 2018 release.

Of course the cash that FFG is burning is for investments - that's what they do.
Let's go back to the previous quarter as another comparison. They had an operating loss of $1.1m and total cash for that quarter grew $2.7m simply because of a $4.4m credit raising which further diluted existing holdings of FFG shares.

That credit raise was done at 5c so as it stands before current TH those investors have lost $1.5m in less than 6 months.
Fast forward 6 months and FFG are conducting yet another CR - seems to be a regular thing for FFG who up until now have shown no signs of generating profits from operational activities.

I suspect the current CR will be 10% discount at current SP so perhaps 3c but this is purely my opinion.

DYOR