GREY:FNKLF - Post by User
Post by
marketmineron Aug 15, 2007 1:16pm
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Post# 13249468
FNI is flush with cash...
FNI is flush with cash...At this time they have over $30 million cash in the bank..
Wts will provide another $6 million
3rd Q production& 4th Q pre production payments will also infuse another $5 to 10+++ million into the till.
In short by the end of Sept they will be able to begin funding whatever project takes priority from available cash flow or financing via a line of credit....JMHO
Anderson told me there is no way he will ever do a financing in the summer and there is no way they will finance at these low valuations.
Another option is a 2 year convertible debenture with a conversion price of $2.00 or more....JMHO