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rvajna

9,005 Posts.

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14/07/22

17:43

Post #: 62541281
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Originally posted by newbieguy: ↑

I think diluting this company further for another $50mil should be enough to get us over the line .. provided we stop drilling and provide an updated LOMP on the drilling done in last 6-8 months..
300mil shares @16c .. that’s a huge discount from 35c it’s valued at .. 55mil plus 48mil.. will get us to $103mil.. Back to last quarterly which we said was sufficient till Q1 2023 (cashflow Positive)

we had one bad quarter and that shouldn’t throw our fundamental understanding of Morilla out the window .. there is gold.. funds got mismanaged.. we need an additional injection to get us back on track..

Sometimes you gotta take 2 steps back to make a jump..

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16 cents is too high. Maybe a 12 cent rights issue? If there is no meat on the bone then it's destined for failure.

Last edited by rvajna: 14/07/22

FFX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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