GDR goldstar resources nl

cash burn rate

  1. 1,702 Posts.
    Just read the Quarterly re-hash statement. The rate of cash burn is quite remarkable ($4.7mm for the quarter).......... They still have dollars in the tin after spp and placement but that is a huge quarter of exploration spending. They say spending is being reduced over the next quarter to more like mid $2mm's. Let's hope this bulk sample is a ripper as at the previous Qtr's spend rate, they have 2 quarters of cash left before looking to the markets again which I'm sure AK would prefer to do above 65c at least..........
 
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