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Bullboard - Stock Discussion Forum Foremost Lithium Resource & Technology Ltd C.FAT

Alternate Symbol(s):  FMST

Foremost Lithium is a hard-rock exploration company strategically located to capitalize on the world's growing EV appetite and is committed to being a premier supplier of North America's lithium feedstock. As the world transitions towards decarbonization, the Company is focused on exploration and growth on its 5 Lithium Lane Projects in Snow Lake Manitoba. Foremost Lithium also has the Winston... see more

CSE:FAT - Post Discussion

Foremost Lithium Resource & Technology Ltd > Their recent PP raised only $341K. Their last statements
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Post by KozmoT on May 06, 2021 2:00pm

Their recent PP raised only $341K. Their last statements

showed Accounts Payable of $710K and all the money they raised with warrants and options since comes to under $300K.  It should be interesting to see how much drilling they can accomplish with negative $100K. ... assuming they haven't spent any money in the last 5  months. Which seems unlikely considering their three month burn rate seems to be in the $500K range.

And are they ever going to get around to telling investors what happened with the 5000 m winter drill program on the Zoro Property they announced just in February?

Oops?
Comment by Karina70 on May 06, 2021 4:45pm
Hey Ms. Kozmo!!     I think I'm getting a little girl crush on you (she blushes). Here I go again easily discrediting you. (she blushes again).   Exercise of Warrants and Options totals: March: $335,766                                                ...more  
Comment by KozmoT on May 06, 2021 11:29pm
You may have double dipped a tad there to the tune of a few hundred thousand but oddly enuf the numbers you posted still don't quite sem to agree with the Financial statements posted Feb 24th which include "Subsequent Events" up until that date, And then there is the obvious - if they have funds why did they forget to drill the Zoro winter drill progam they announced just this ...more  
Comment by Karina70 on May 07, 2021 10:09am
Financial statements were reported ending December 31, 2020 and prepared for as of February 23, and posted February 24th, 2021  Form 7's posted subsequent to December 31st wouldn't make those financial statements.  Read financial statements properly Kozmo dear. Also, math is not debatable.  No double dipping.  :). Do you get paid PER POST?  Seems so cause you ...more  
Comment by KozmoT on May 07, 2021 11:23am
LOL, try reading all the way to the very bottom of the Statements next time, dude. Information after Dec 31st is included.
Comment by Karina70 on May 07, 2021 1:36pm
OMG!  The information is included on the last page as subsequent events but the report clearly states ending for period December 31, 2020 and any numbers SUBSEQUENTLY ISN'T CALCULATED INTO THE REPORT.  That's how financing works.    However, I see a pattern here.  You are being paid to post, and you clearly enjoy being dominated.  I like it....A LOT.  ...more  
Comment by KozmoT on May 07, 2021 4:43pm
I can't tell if you are joking or not... the "Subsequnet Events" refers to events AFTER Dec 31 and prior to the date of the release of the Financial Statements (in this case Feb 24th)  How is this going over your head?
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