I know they were changing their approach in the last quarter, but this stock is in the doldrums at the moment.
Last quarter they spent 760k on staff, admin and corporate costs, and only 490k on exploration. They had 4.7mm left in cash. And the only reason that gives them more than 2 quarters of funding is because they’ve massively reduced exploration expenditure.
In my opinion, Coda looks like it will need to do a cap raise within the next 6 months.
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