FPL 8.33% 0.7¢ fremont petroleum corporation limited

Good pick up BK. Something is not right and will need to be...

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  1. 717 Posts.
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    Good pick up BK.
    Something is not right and will need to be clarified.
    The quarterly cashflow report due by the end of month should be very interesting.
    On 26/4/2017 a loan of A$860,000 was announced as being provided by ANB Bank to 'fund current development activities & provide necessary capital to underpin ongoing operations'.
    1/. I wonder how much of this has been drawn.
    2/.Whether it has been secured against the Florence property.
    3/.Whether part proceeds from this fundraising need to be used to extinguish
    the outstanding debt.
    Interesting times for FPL.
    DYOR.
 
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Currently unlisted public company.

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