Well, Bob's written to us once again with an update, suggesting mining at Stormont will start lateAug/earlySep and anticipating a cash flow of $2.6M (@ POG $1450/oz, $3.5M if POG $1650) before February 2013 - typo in the letter, I assume he means 2014 but who knows .......
Some brave souls recently contributed at 5c a share to a placement, Bob himself tells us he's now in to the tune of $700K!
An Entitlements Issue Prospectus is to be issued to all shareholders shortly to buy more at 5c a share.
Good luck, I'd be much happier if I could sell my current holdings at the 5c price to any intending investor, given there is still no listing on any exchange and no likely date to do so. So sorry Bob, won't be sending any more $'s your way at the moment, still too far under water with FNT.
torque update and cr
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