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

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billyen

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13/02/19

14:46

Post #: 37424533
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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.

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

Top Stories

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

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

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

Chaos reigns markets – so let's take stock of where we're at ahead of December

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