I see others are concerned about cash reserves
A post today from a astute shareholder
"FMS burnt cash $13m/qt, Cash postion now $10m...
No cash left in June/2012... IMO"
FMS management need to have a Plan B and soon
I was a true believer but sold out a month ago, no matter how much IO is in the ground, until it reaches a port on the coast it is worth nothing
FMS needs
(1) Rail access
(2) Port Access
(3) enough cash to develop the mine
(4) Enough cash to survive until 1-3 above are implimented
I don't think $10 million is enough to bridge the gap, do you?
I see others are concerned about cash reserves A post today from...
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