OTCQX:FSXLF - Post by User
Post by
savinfamilyon Apr 16, 2021 7:13pm
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Post# 33015811
FSX - a very honest management team
FSX - a very honest management teamFSX just published the annual financial statements as at Dec-31, 2020.
The first thing that I've checked in these statements was immediately the administrative expenses as a percentage of total expenses, in other words how much money are burned by directors and profesionnals. With pride, relief and confidence I found only 15,47 % (24,08 % if we include the share-based payments and shares issuance costs), which is very, very, very and very safe and honest for an exploring company.
To be more accurate:
$9,369,738 - total expenses
$2,256,386 - admnistrative expenses (including $733,896 as share-based payment and $72,476 as shares issuance costs).