FML focus minerals ltd

I would imagine that a lot are in the same boat as myself -...

  1. 6,693 Posts.
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    I would imagine that a lot are in the same boat as myself - waiting on actual news rather than stewing over little nothings.

    I am estimating that we will burn between 17 and 25 million this quarter and around 10-15 next quarter based on the last qaurterly. From that point we should be cashflow positive again and still have 165-180 in the bank. As long as they can show that they have a production plan in place going forward then these levels are fantastic. As yet they have not shown that and as such we are where we are.

    I don't think people have clued onto the fact that the 15 million for Apollo previously announced was just as the 13 million this time is - for the late payment of contractors (in my opinion). The company has been paying off Laverton for a while and as of the quarter just gone seems to be on top.

    We finally have a clean slate financially, but need to get production and staffing in order.

    I would like some sort of announcement regarding the following:
    - the progress of the three drill programs
    - confirmation that production is going as planned (without any 8 week shutdowns - that was unforgiveable)
    - a statement regarding 24/7 mining if this is going ahead
    - a statement regarding mill expansion (surely the way forward is close to being finalised)
    - a 6-12 month forward looking statement of where production will come from. No 500k statements, just simple facts that show they have a plan.

    Ramble done.
 
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Last
36.5¢
Change
0.010(2.82%)
Mkt cap ! $104.5M
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36.0¢ 36.8¢ 36.0¢ $47.39K 130.6K

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