SBR 12.5% 1.4¢ sabre resources limited

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    lightbulb Created with Sketch. 685
    June 2013 cashflow report shows cash on hand at 30/06/13 of $6,111,000. In the June 2013 quarter approx. $1.23m was spent. So if the spend is similar this quarter or even a little more should still be plenty in the bank (in that report they budgeted for a $700k spend this quarter) - so I am at a loss to see why a CR is being bandied about at this time. Unless someone in the know?. or it could be traders pushing SP down - who knows and at this stage am holding firm. It would be suicide to go for a CR at this time given the 26ers and those that purchased in the high 20"s/early 30's as they would probably not support it and appears the market in general wanting exceptional news before jumping back on board. all IMO only so DYOR and make your own conclusions. And I agree with your comments D85 re: ANN's and time management of them.
 
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