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Title : Fortuna Silver (FSM) (FVI.to) and Lindero
link : Fortuna Silver (FSM) (FVI.to) and Lindero

Fortuna Silver (FSM) (FVI.to) and Lindero

On February 20th, and notably after announcing that due to adverse weather conditions the timeline for the Lindero gold project in Argentina would set set back a little, CEO Jorge Ganoza of Fortuna Silver (FVI.to) (FSM) stated the following:

“The Company remains well funded with low debt and sufficient liquidity to meet its construction and working capital requirements for the completion of construction activities and operating ramp-up activities at Lindero.”

Yesterday September 10th, Fortuna Silver announced a $40m bought deal financing. The reason it was adding debt to the corporate structure was...?

"The Company will use the net proceeds from the Offering for working capital in relation to the start-up of the Lindero project and for general working capital purposes."

Yet another CEO bullshits the market. As for the performance of FSM compared to silver bullion between those dates...

Pathetic. And to think silver was hated, too.

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