cash backing, page-4

Looked up their report to check the cash and figure seems correct but they spent $600,000 on Administration for the quarter!

How come $600,000?

The money will not go far at that rate.

Companies with cash should be the way to go

eg Kilgore with common BOD.But what a big overhead!!
Hard to know which ones to follow.

Strange how little the 2 new directors had to say to shareholders in the letter posted on ASX on 7th Jan.

My portfolio is still pretty bare .