I'm all about helping others learn even though I have been called a ramper because investors on here can't handle their nerve or handle their risk.
Here is the estimated development outflows released awhile back for the quarter along with the estimated development outflows for the pending June quarter. That's why their cash went down cluong. Like I said mining operations don't just appear out of thin air. It does cost money when a new operation gets up and running.
Below estimated outflow of march quarter was announced by the company.
View attachment 561066
And now the estimated outflows for June below.
View attachment 561069
As you can see there was estimated expenses of 7 million due to initial Tarcoola costs being expensed. Hopefully you can see now why cash has dropped so I don't need to constantly repeat myself.
