Registered Members Login:
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

Reply to this topic

post Posted: Apr 22 2016, 12:03 PM
  Quote Post

Posts: 216
Thanks: 7

Based on the latest Chairman's report, FND 25kt pa project should be commissioned this quarter. FND was able to secure equity funding from Daewoo and project finance from a banking consortium. According to the BFS, this project has a C1 cash cost of US88c/lb, one of the lowest.

Said 'Thanks' for this post: jeeves  
post Posted: Oct 11 2010, 11:52 AM
  Quote Post

Posts: 239
Thanks: 26

not many on offer at the moment... is this stock so tightly held? or is it set to run???

post Posted: Sep 17 2008, 01:06 PM
  Quote Post

Posts: 3,268
Thanks: 9

user posted image
Recent Radio Broadcast (17/09/2008 13:00:00):
FND - Excellence in Mining and Exploration Presentation - Dr Russell Fountain, Executive Chairman

N.B. Radio can normally be accessed by the 'RADIO' link, top of every page.
------------------------------------------------------------------------------------------------------------- Radio delivers investor presentations from ASX listed companies. Keep up to date with the latest corporate dealings of the shares you follow. Hear news direct from the source. Listen to directors and investor relations mangers discuss their company, give investor updates and brief on current results. Radio keeps you informed about company announcements and events, and provides you daily market wraps and industry discussions.

post Posted: Sep 3 2008, 07:29 PM
  Quote Post

Posts: 5,264
Thanks: 1136

Finders to Raise up to $5 million in placement, subject to shareholder approval.

3rd September 2008

Share Purchase Plan initiated for existing shareholders at same terms
Finders Resources (FND) is pleased to announce that it intends to raise up to AUD$5.0 million, subject to shareholder approval at its AGM on October 16th 2008, through the placement (the Placement) of up to 8,333,333 ordinary shares through RFC Corporate Finance Ltd and FinnCap.
The Company has received commitments from new institutional and private investors and the Directors for approximately 5,690,000 shares, (dependent on AUD:USD exchange rate at the time of shareholder approval), at $0.60 per share and 1,725,000 shares at a price of GBP 0.28 per share.
The commitments also include a total of $600,000 committed by the Company’s directors and their associates, being $250,000 committed by an associate of Russell Fountain, $250,000 committed by associates of Stephen de Belle and $100,000 committed by Chris Farmer. The participation of the directors in the placement is also subject to shareholder approval at the AGM. Stephen Lonergan and Ian Neuss, being the directors of the Company not participating in the placement, consider, having consulted with RFC Corporate Finance Ltd, the Company’s Nominated adviser in relation to its listing on the AIM market, that the terms of such participation are fair and reasonable insofar as the Company’s shareholders are concerned.
In addition, to enable current ASX shareholders and Depository Interest holders to participate in the fund‐raising on similar terms to the placement, the Company will offer a Share Purchase Plan (SPP), whereby existing shareholders as of record date 3 September 2008 will be invited to subscribe up to AUD$5,000 (equivalent) for shares at a price of AUD$0.60 or GBP 0.28 per share. If fully subscribed the SPP would raise an additional AUD$2,639,000 (approx. GBP 1,220,000). Letters to shareholders will be distributed by Computershare.
Funds raised will be applied to continuing the fast track development schedule for the Wetar Copper Project feasibility study (particularly the detailed engineering design work to enable ordering of long lead time items during 2008), additional work to define higher grade start up resources for the Ojolali gold‐silver project, and additional working capital.
Chris Farmer, Managing Director commented:
“We are very pleased to have secured this funding in what is a very challenging capital raising environment. This additional funding will enable us to aggressively pursue our exciting development targets for both the Wetar Copper project and the Ojolali gold‐silver project.”
post Posted: May 28 2007, 10:56 AM
  Quote Post

Posts: 4,290
Thanks: 206

Created by request:



Back To Top Of Page
Reply to this topic

You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.