In previous reports FNT was talking about renting out their drills and teams to raise money so they could afford to do another round of drilling. FNT is very fortunate as a small company to actually own their own drill rigs and quite a bit of equipment. Additionally it was reported they were looking at selling their barge in order to raise more money. I doubt anything has improved in the situation with Torgue and any money is coming from them. When money was flush some years ago FNT bought multiple drill rigs. I am sure these assets still significantly out weigh the current sp. I would welcome comment if anyone can remember how many rigs FNT own. I think it was four.
Plans ahead, page-11
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