LNR 14.3% 0.4¢ lanthanein resources ltd

right issue, page-2

  1. 103 Posts.
    - - 09,should be a better year. - -

    It better be. The auditors didn't have anything good to say in their report on FNT (Ann. report pg. 67)

    Without raising additional funds there is significant uncertainty whether the Group will continue as a going concern and therefore whether the Group will realise its assets and settle its liabilities and commitments in the normal course of business and at the amounts stated in the financial report.

    Also interesting, in FNT's latest qtr they have, at current burn rate, only enough for 6 months operation.
    BTW. their cash holding is not much more what they paid the MD, Peter O'Neil, last year.

    No wonder they need to dig into shareholders pockets for more cash.

    No good reason to be in this company.
    Many reasons to be out.
    FNT just like MMN - same principal
 
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