FFX 0.00% 20.0¢ firefinch limited

Well, Daz, according to you both companies are going to need to...

  1. 43 Posts.
    Well, Daz, according to you both companies are going to need to make further cash raises in order to fund further drilling and that, as respects BGS, seems to be borne out by others posting on this forum who say that the gold revenues are sufficient only to cover Admin costs. Sorry to read elsewhere, oddly, that you don't like my suggesting that the presumed floor of 11.5c will be tested, drawing on extraneous evidence. So, let's look at the intrinsic evidence - struggling around 12.5/13c after the most recent placing at 17c here. The next placing will take it down to what? 8/8.5c? And with production nowhere in sight until 2021, possibly 2022, why would anyone want to buy in here at this juncture? Might as well just wait for the fall after the next cr.... or the one after that.
 
watchlist Created with Sketch. Add FFX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.