AMX 3.03% 34.0¢ aerometrex limited

new results in agm presentation, page-7

  1. 1,890 Posts.
    Hey Sarge

    I get what you saying about the reporting style , of which , I've never been a fan of. The charts used are cheeky and selective , but thats marketing for you. Not worth including in an AGM presoo imo.

    As for "Judicious" use of funds - I think ALL gold companies need to be doing this , whether you're a producer , explorer or developer. Besides, shouldn't use of funds be "Judicious" all the time anyway ?? When your spending shareholders money ? What was the spending before it was judicious ? ....thriveless?

    As for the BFS and PFS , most of the money required for both of these studies has already been spent. Much of the BFS work is already complete along side work completed for the PFS I believe. You'd imagine they'll need to spend another 5 million or so on infills to get their "Proven - mineral reserve statement"

    Futher cap raises will be hinged upon ability to fund the project after PFS and BFS release. Which may take on some interesting forms.

    As for the SP not moving today, well, just go check the course of sales. The BOT is clearly back in action and holding it at 20c . Probably another big X-trade coming at 20c soon imo.

    I'm liking the Torks results thus far , and I'm positive on that new find being economical. I bought a few more today (no , my order is not one of the two digit parcels!)
 
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