SLT select exploration limited

Ann: Appendix 4C - quarterly , page-19

  1. 2,565 Posts.
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    Just considering buying some more atm

    SP at it's lows..

    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
 
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