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22/11/12
22:05
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Aggie62
I think the drilling campaign will be in action If and when the money from the finance deal is in the bank.
Last financial year kaboko had operational financial loss of $3.9M that is what the company actually spent all year.
Nothing out of the ordinary here, for an active explorer in an overseas territory.
The rest of the $7.2M number we see in the annual report is nothing but accounting items related to the the write off the uranium project.
Drilling cost money as the above explains.
Cheers!
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