keep in mind i wasnt defending them as i said the news is already running late (i.e. no excuses) and also said that after that most of the news compared to the last 6 months would be less just coz of time and also dewatering process (a CR wasnt going to fix this, hence why i found the CR pointless)
and also i wasnt a fan of the CR in the first place because like many has said there are bottlenecks in the process and more money now wasnt gonna fix it, it was just time. i would say that a CR after the demerger or debt would have probably been the most ideal.
now management have to proved themselves with that excuse of a capital raise and show progress, i am willing to give them some time to do it but tbh theres nothing that I can see that could not have been done without the CR as we had regular cashflow from gold revenue.
FFX Price at posting:
41.5¢ Sentiment: Hold Disclosure: Held
