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Ann: QUARTERLY APPENDIX 5B CASHFLOW REPORT, page-119

  1. 399 Posts.
    lightbulb Created with Sketch. 180
    We raised 4 million in May 2023
    had 700 k in bank
    so had 4.7 million
    now as of March 31 st we had 1.4 million
    grant 300 k
    brings to 1.7 million
    minus 100 k per month to run the business
    288 k last quarter admin etc
    so will say 1.5 m
    how many metres did we drill at
    cockie creek and bottle tree
    3500 m
    so we have paid 1000 per metre for drilling.
    i suggest 3times the average.
    or money has been allocated to a failed corporate transaction
    which is never mentioned.
    the market is punishing the stock
    cause of lack of clarity.
    my question is
    where have management been placing there energy
    cause it does not add up.


 
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