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.
FPL Price at posting:
2.1¢ Sentiment: None Disclosure: Not Held