FSE 0.00% 0.5¢ fuse minerals limited

more dilution..., page-10

Currently unlisted. Proposed listing date: APPLICATION WITHDRAWN ON 28 MARCH 2024
  1. 237 Posts.
    Looking at the appendix 5B figures again they claim to need 6.45ml for development costs in the next quarter. They have a remaining banking facility of 2.2ml and cash of 1.283ml so actually their shortfall is 6.45-(1.283+2.2)=2.97mlAUD. I would be inclined to drip feed cash in this company's direction from quarter to quarter given their proven propensity to end up feeding cash to that voracious JV partner.

    I don't think we will get that option though.
 
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