My understanding is that 0.9 quarters is based on the previous expenditure rate, and why the comment is made.
If they cut their expenditure in half, then it moves to 1.8 quarters. etc.
That projected calculation uses the previous Qs expenses. It does not take into account what they could alter their activities in the current Q. (assume the Q4 drilling has been paid for)
They could, for instance, put their feet on the desk, and do nothing. How many Qs then ?
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-9
-
- There are more pages in this discussion • 61 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AAU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.986M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $2.028K | 648.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 32635662 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 4375831 | 6 |
View Market Depth
| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| AAU (ASX) Chart |