Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Read on ADFVN that potential placing is coming? Can anyone confirm whether the company are fully funded for the covid test + track and trace? Surely £250,000 warrants is not enough.
Can anyone confirm their financial position, currently reading through their RNS's and on their website, but only saw that they have just over £1m as of 26th June 2020. Does anyone know how long this has lasted them and if they have spent this already? Considering the issue of warrants only 4 months (from June 2020) after they announced £1m in cash.
I've emailed the company today and hopefully will get a reply soon.
I bought in yesterday at 3.59p, wanted to add more today but would rather wait if they are doing a placing soon!
Good luck all, any response on their finances will be helpful, I'll update the board once I receive a response from the company themselves.
Would take anything that posters put on that site Or this with a pinch of salt. They have a fair amount of cash and even if they raise money at some point what amazing prospects this company has.
I've emailed them regarding their financial position, and if they are hoping to raise.
I've also asked whether I can partake in this, IF and only IF they are doing a placing. Surely a placing wouldn't have much of an impact anyways due to the current potential!
I'll keep you updated if I get a quicker response.
Any luck in getting an email response from the company regarding their funding situation?
I have not yet received a response, usually companies I've invested in get back on the same day when I email in the morning.
Any feedback (regarding their finances) from other posters will be much appreciated
@Magzy No reply from the company as of yet. Disappointing from an investors perspective. Although I hope I will receive a reply today.
I would like to top up, but will need confirmation of their finances from the company themselves. I would be upset if a placing does occur, as they could have given us holders the option to participate in this, however I do not think it will impact the SP much, especially with the fundamentals to hand.
Good luck and please keep me updated if you get a response yourself.
Love it when a plan comes together...
I think were still too undervalued, but i have a bit of concerns about funding and not receiving any reply from the company after 2 days now!
If a raise is to occur I hope they do it soon so we can just get back to over 8p.
Gla
Probably a question a company can't answer
Blackhive is no more likely to sell after subscribing for any warrants as the rest of us
CTEA lands a large order, the sp multiples. It won't have to employ staff to administer the Blockchain and App.
True, but I did also ask them whether their £1m cash has already been spent due to their RNS on 16th October.
If they do need cash hope the JV covers this
That looks unlikely - the consideration is the warrants
Why would a JV cover it, unless mentioned up front in the RNS?
CTEA will need more funds, that is an odds on certainty, not least if they want to roll out their product with an expanded sales force.
Why would a JV cover what?