At quarter's end, the cash position is stated at $2.745 million. Various exploration and administration costs would have been incured since 30 June. Typical junior explorer, although this one seems to be busy with good intention. As I stated, it is one good drill hole away from success - whether that be a discovery or a higher price for next capital raising.
I'd love to see a mid-cap take a cornerstone investment and support their convictions. It is prospective country that needs greater expenditure capacity.
HLX Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
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