FMJ fortis mining limited

next step from here

  1. 7 Posts.
    I guess the trading halt follow by suspension is definitely a indication of good news. However what is on my mind is what is the next step.

    With this potential purchase I wonder what is the price tag. Given that we know GEM provided a equity line of $10m I suppose this might not be enough to fund this purchase totally?

    I am definitely not the expert in commercial arrangement, but logically there are several options:

    1. Ask for more from institutions to fund all or part of it.
    2. more public subscriptions with options and shares
    3. more shareholder subscriptions

    I guess #2 would be the least favourable outcome due to dilution. If anyone can enlighten me on this i would be much appreciated.
 
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