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fooca

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29/08/22

22:12

Post #: 63393650
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Originally posted by 52570: ↑

Gosh HC really giving me trouble tonight! that bug is so annoying!

Try again! I am picking a 'traditional' mix of large placement/s and share holder cap raise. Second pick is for a J/V partner for say 45%.

Just depends on how much the board require - 25 mill , 50 mill? and I guess if they can get that kind of money? I am hoping for funding to keep us at 100% ownership of Morilla.

So the initial 'knee jerk' reaction - possibly justified at the time - was to get hold of the rest of the LLL shares and sell down 'in a controlled manner".

That tells me that the need for a large amount of funding is perhaps not what it initially seemed to be . or in other words, perhaps we don't actually need a lot of funding 'urgently' and if (as I suspect) we are now profitable (think just over break even or just a little more), then we would only need a smaller amount of funding together with the profit per ounce cash flow we have now - to get us into a nicer cash position. So over the next say 6 months , our cash position could become much nicer without needing a whole lot of funding?

ALL IMO

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I'm actually going with not as much as we all originally thought, but the capital work and tailings facility / dam will need to be restarted, we only have enough tailing storage for 2022?

Something left field for you to ponder .......
They would know better than anyone ...... they drill it and they test it!!!
The fourth pillar of their business model.

Part funding and part JV with them? ~~ release the under performing contractors? and commission them to do the grunt work, which also includes feed to mill Ore management.
We know they can afford it, we have paid them enough

cheers

FFX Price at posting: 20.0¢ Sentiment: Hold Disclosure: Held
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General discussion, page-7530

Top Stories

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Nimy to raise $1.21M to explore 'newsy' WA targets

ASX hits all time high out the gate on Friday trades following bullish US inflation data

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