Hi WTT !
Mmmmmm i see a cash flow issue !
TG6 presentation 1 May 26 has $2 m in cash and receivables but has about $300,000 - $400,000 minimum expenditure on Lake Johnston tenements so for ease of math lets say they have about $1.5 m then lets take away quarterly staff, office, current Van Uden exploration activity costs ??? $500,000 so maybe $1m left in cash and receivables.
If TG6 is going to develop Van Uden its going to absolutely need a credit raising prior to moving anything ! I would be happy to participate in a capital raising subject new JORC 2012 statement and it being good.
Please note the above is IMO and only assumptions / guess.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.35M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 43600 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 4902 | 1 |
View Market Depth
| Last trade - 14.34pm 31/07/2025 (20 minute delay) ? |
| TG6 (ASX) Chart |
Day chart unavailable