Possible reason for weakness in share price:
In PUN's last quarterly report they spent $836,000 on exploration which left them with $1.38m (There were few other small costs such as administration ect).
So if we take roughly the same amount of spend for this quarter it will leave the company with $544k or there abouts.
Summary: PUN look to have only enough money for this quarter and the next. Capital raising in my view would be end of this quarter.
Would love to hear your thoughts?
today's trade, page-5
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1.3¢ |
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Mkt cap ! $5.732M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $3.136K | 241.1K |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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