Re What will FCU do with the fundsEnd end of the winter drilling drilling is not a surprise. It is a fixed date as government regulations dictate that all equipment be removed from the ice by March 31st or they need a special permit.
There is no reason why the planned land drilling will not proceed under the summer program, and may very well be underway now. They have had time to prepare drill sites on the frost.
The worst thing that can happen to a exploration company is to run out of cash. To try to raise money with unpaid bills is not a good spot to be in. Just look at the many exporation stocks that shut down when cash ran out and have no good drill results to attract investors.
Management of this company know what they are doing and have an excellent record of sucess. If that was not the case I would not be posting or even be a shareholder. Losing all my hard earned cash is not an option.
Look around the exploration stocks and there are plently that are available where losing your money is almost assured. No Cash, poor results, claims in moose pasture, weak management . This is not one of them.