It doesn't matter if the share market falls resulting in a reduction of the FFX MC because it has a profitable gold producing mine and its not going to stop. The fundamentals are sound.
What matters is the Gold Price and if that falls then FFX as well as all other gold producers/explorers will be affected adversely. AND if the BOD made a CR decision based on that then they should have forward sold the gold production.
But a lot of analysts are saying gold is going higher over the long term.
As stated above ,I'm just questioning the timing of the CR during the wet season unless they spend it on long lead items for capex or working capital if the plant needs to shut down during the wet season-Unlikely. Otherwise FFX has the cash in the bank as well as cashflow to ride out any bumps.
FFX Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held
