FFX 0.00% 20.0¢ firefinch limited

next round of drill results, page-9

  1. 12,155 Posts.
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    ryobal,

    being a junior explorer (and that of Gold which is currently out of favour) has its set of disadvantages... being at the mercy of a big shot investor is one of them....though many other struggling juniors would happily give away their first born to be in BGS's boat... this CI does have some undue advantage as we have seen recently when he was allowed to double dip... in our opinion the management should have stopped them from doing so...

    look at the other possible scenario...if we do not hit good grades in this round of drilling and if the POG also starts the second round of its slide and hits the thousand dollar mark...can you imagine the sp in such a situation? at that time we would have wished that we could have raised more money when the sp was nearer 2c rather than at (say) 0.5c it could be at that time...

    money in the bank is a strategy that can rarely go wrong... better to be cash rich at this stage then to have to look at regular cash raising from vultures who are only interested in manipulating the sp for their own good...

    again, to summarize, the life of junior explorer (as you surely know from your experience with these sorts) is a totally different beast altogether...

    a few decent holes and we will be kicking ourselves for not topping up at sub-1.5c rates...
 
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