Thanks... you said it much better than me. Fishnet is getting to...

First 142 Last

Share
Profile

Follow
billyen

6,110 Posts.

1453

13/02/19

14:46

Post #: 37424533
Share

Originally posted by Gary76 ↑

Originally posted by gonnfishing
BEFORE COMMENTING - Have a listen to Clive on the video from PA this afternoon, he says they are "assessing options" to raise capital and he hesitated when asked about cash position, pretty obivous, they want to tap the market to keep up the drilling pace. He did not sound keen on tapping the cedit facility for whatever reason. Choose to live in a dream world or not, your choice...
Read the Announcements made over the past 6 months.
Read the Cash flow
Look at the cash in the bank
Look at the options now being converted.

THEY DON'T NEED MORE MONEY TO COMPLETE THIS DRILL PROGRAM

I would be assessing options as well at this point, Such as how much money will i need for the processing plant, what route should i take in processing it. How much more drill will i need to do, where should i allocate the millions of dollars i now have in the bank, and yes where will i get the 100 million for the processing plant, where will i get the 10 mil (made up number) for the BFS. Hesitated because he though it was a strange question as he knows there is no cash issue for the next 8 months, and im sure they have not worked out the process route but i bet they are busy with back of the envelop calcs and all the options (and being back of envelop cannot be disclosed) perhaps that was what the hesitation was about.

anyway not meaning to sound rude or anything but i just don't get where your getting your capital raising call from ?
if we are going to say random things why not say "
1 billion tonne resource
" "3000 ppm" or opps it not lithium it was bird poo.

Expand

Thanks...
you said it much better than me.
Fishnet is getting to me and I should know better then to let him.

GLN Price at posting: 36.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

HotCopper Highlights: Your most watched stocks for Week 48, 2024

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

There are more pages in this discussion • 76 more messages in this thread...

First 142 Last

Add GLN (ASX) to my watchlist

(20min delay)
Last 12.5¢		Change 0.000(0.00%)		Mkt cap ! $60.50M

Open	High	Low	Value	Volume
12.5¢	12.8¢	12.3¢	$212.1K	1.694M

Buyers (Bids)

No.	Vol.	Price($)
6	295680	12.5¢

Sellers (Offers)

Price($)	Vol.	No.
13.0¢	2021999	6

View Market Depth

No.	Vol.	Price($)
1	50000	0.115
7	472031	0.110
11	947628	0.105
25	1490999	0.100
2	20000	0.099

Price($)	Vol.	No.
0.125	1573785	9
0.130	254710	7
0.135	293280	3
0.140	225541	3
0.145	344396	6

Last trade - 16.10pm 29/11/2024 (20 minute delay)

GLN (ASX) Chart

Thanks... you said it much better than me. Fishnet is getting to...

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

HotCopper Highlights: Your most watched stocks for Week 48, 2024

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Resolute shares bounce back as second payment made to Mali government to secure workers' release

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

Buyers (Bids)

Sellers (Offers)