Fortune Minerals Ltd T.FT

Debt - 11 million due August 2022

[MoneyMan123456]

It's even worse then I thought, 11 million in debt is due August 2022.  

From the latest Financial Statement (September 30, 2021, p5)

The Company’s working capital of $(9,210,749) at September 30, 2021 includes $11,039,609 related to debentures maturing in August 2022 and the Company will require further funding to extinguish these debentures. The NICO project also requires further funding to advance the project through to production. This results in the existence of a material uncertainty that casts significant doubt about the Company’s ability to continue as a going concern.

The "going concern" disclosure is never a good sign for a company.

[Yellowknifer69]

Hello and good morning Longs.  Hope everyone is doing well and staying safe.   MM, while FT does have some debt that is going to be called shortly, I would not classify that debt as significant especially on deposit potential of $4 billion plus.   For the record, I would also note that most juniors have some sort of statement 'that indicates there is a degree of '

[Jim1712]

Hallelujah !