RE:RE:RE:RE:RE:RE:RE:Tired of watching FCUI don't know if you're being sarcastic or not. Because there are more people being realistic on this board. I've encountered multiple people who are not afraid to go up against the "i feel a turnaround" posse. And I also don't want to be right, in fact I'd love to see my shares go up.
But I'll answer your question seriously. The fact whether or not they will need to raise money depends on their need for... money. That in turn depends on whether or not they will still be around as the same company in 6 months (with or without Tripple R), and on the fact if they wish to give their spin-off some money (IF Forrest Lake htis and IF they spin it out). Based on past experiences they do spin off and they do wanna give it some money, unless it doesn't hit.
So after all is said and done they want to do this:
1. Drilling program for 2015, from the 43-101: RPA concurs with Fission’s planned (Phase 1) work program and budget of C$15 million (Table 1-2) for 2015.
2. Current money in bank, from their latest presentation: 21.3 million (as at February 6, 2015)
3. Something else in the 43-101: "The recommended Phase 2 budget of C$20 million would be contingent on Phase 1 results". I'm not sure if this is 5 million dollars additional funds, or 20 million additional funds. In either case it would make sense to raise funds, since they still are a company with salaries to pay and other costs. In other words they won't let their bank account drain to 1 million dollars. So yes if they reach around 10 million dollars in the bank they will initiate another PP, unless they are taken over before this happens.
4. And yes they do want to give their new spin-off (Forrest Lake) some money as well. More reason to believe a PP or deal with the takeover party will be made for this. Contingent of course on if Forrest Lake is interesting enough to drill further and if the major doesn't include it in the deal.