It worries me when I read the cashflow report of an exploration company where they have spent nearly 8 times as much on administration and legal costs than they have on exploration costs. (and $251k on sorting out JV partner...?)
I am very interested however that they plan on turning that around somewhat in this quarter (note, it is 1 month into quarter already...so only 60 days to go) to increase their exploration spending for the quarter from 83k last quarter to $1.2 mill this quarter.
Lets hope so...not a big fan of losing half my money on paper in a quarter...looking forward to some form of management update...
RTG Price at posting:
34.0¢ Sentiment: None Disclosure: Held
