From the Quarterly: "The board is presently in final stage due diligence on several identified projects with the aim of maximizing shareholder value.'"
Cash reserves at approx $1.050m..
Cash burn quarterly approx $200k..
Interestingly though, Administration and Corporate costs for the quarter were $166k. There were no staff costs. $40k of the $166k was paid to director for fees.
Previous quarter: Admin/Corporate Costs= $143k, no staff costs, and $48k in Director fees.
Previous Previous quarter: Admin/Corporate Costs = $78k, no staff costs, $30k in director fees.
They will need to have something in the bag quite soon me thinks bcoz their cash is running out.
I wonder which Director is getting ~$40k a quarter..
imo I rekon they would be looking to wrap something up quite soon..
All in my opinion of course
SLT Price at posting:
0.4¢ Sentiment: None Disclosure: Held
