TSXV:FCO.H - Post by User
Post by
Doozeron Nov 24, 2022 7:50am
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Post# 35124484
Q3 financials on SEDAR
Q3 financials on SEDARI don't know how FCO/Peter plans to pay GMC $1mil on Dec. 4th, as well as an additional $1mil in 2023 spread equally across the 4 quarters. If he's lucky GMC may agree to another amended payment schedule, but they'll need to see some incentives to agree to that.
FCO will not be able to comply with the payment schedule as currently constructed, let alone fund phase 2 drilling, even if that PP was completely filled.
Peter's silence on how he is managing this GMC payment risk given FCO's limited cash position is concerning.
You've got 1.5 weeks to come up with $1million dollars Peter, what's the plan?