Hi, what do you think they did with the 600.000$ of cash they received from LionGold during q4 2015/q1 2016? I verified their last 3 cash flow quarter statements and I couldnt find the 600.000$....
They have an average cash burn each quarter about 220.000$, half of which (110.000$) as a care and maintenance expenses for their tasmanian que river property (that is a big number, we are talking around half million$ each year of expenses, better they get rid soon of this cash burning property).
BSM Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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