Morning Trading April 26, page-216

  1. 12,705 Posts.
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    RCR  will be low on Cash at the end of this quarter and will need to raise in May imo.

    $2.1M Cash balance (31st March)

    ($900k) Diamond/RC drilling
    ($100k) geo/gravity surveys and lab assays
    ($50k) fieldworks/heritage clearance
    ($150k) staff/admin costs
    ($1.2m) Total costs

    $900k Cash balance End of June (this is my estimate, but i don't think i am too far out).

    The CR will go to their mates like last time and the price gets smashed!!

    Lets see what management pull out of the bag
 
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