We seem to being going around in circles right now on this thread and bringing up the past a lot, while these comments are valid we just keep repeating it over and over again with no constructive commentary anymore. Sentiment has clearly gone down a lot and it's not great seeing the SP in its current state.
I have a question for everyone as i'm quite concerned about the current cash position of ANW. We have $470k as at July 1st 2019. Staffing, production and admin costs last quarter were $677k or $226k per month. Their accountant has budgeted about $100k per month however which sees us beyond the current quarter. This is a standard estimate they have used for a while now so I find it hard to rely on this estimate, I could be wrong as the company knows a lot more about their outgoings than I do and last quarter may have had some large one-off costs but it's still something to consider.
I guess I actually have a few questions after writing this and thinking: How comfortable is everything about ANWs cash position, do you believe we will be able to stay afloat this quarter even if production is delayed until October or do you see production as something which needs to be ready ASAP just to keep the company afloat? If we don't get an announcement about production before a certain date do you believe ANW will have to file for bankruptcy? Would the CEO and others sacrifice part of their salary for shares to keep the company alive and for a future gain in SP (if any)?
ANW Price at posting:
0.7¢ Sentiment: None Disclosure: Held
