investor presentation, page-27

As previously pointed out by other posters the heavy expenditure by management in the previous quarter was for the purchase of 4 new drill rigs, heavy equipment, barges etc. These are all mostly one off acquisitions for continued use by FNT for years to come in PNG!

I would be very surprised to see another Capital Raising within the next 6 months with over $ 4 million in the bank still IMO!

With results from Bulago and Likuruanga JV tenements to come and the deep drilling results from Andewa to start in the new year, i for one cannot see the share price languishing at these levels when the next CR does eventuate.

My thoughts on the Investor Presentation is that it has been put together for the group that is going to PNG to see first hand what FNT is doing at Andewa.

All in my opinion and as always DYOR!