FFX 0.00% 20.0¢ firefinch limited

rough estimates for next cap raise, page-19

  1. 781 Posts.
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    I can think of countless times where many thought a junior had it in the bag, the big announcement was expected in a few weeks, everything thought there was enough cash to last 6 months so no chance of a CR... But guess what happens.... CR to cover operational costs as the company moves into production....

    We all though the previous drill results were going to net the big find... But what happened??

    And as for raising debt for a company that is not yet producing an income?? Good luck to that otherwise good luck to the financier having the interest serviced when there are no current profits. And that would be with penalty interest due to the inherent credit risk.

    I hope it works out as you state SRV, I just like to be realistic of future risks. I'm not going to push any further on this as I don't want to be seen as down ramping, but anything could happen and the less astute mum and dad investors should be aware of this before going all in on this stock
 
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Currently unlisted public company.

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