Here are some facts from the last quarterly which make it certain that this coming quarterly will be the best yet.
Purchase orders received Q1 $1,914,000
Forecast cash outflows Q2 $1,136,000
So they will be at breakeven or even potentially cash flow positive if enough of the cash receipts come in before the end of the quarter.
Furthermore, there could be a massive announcement for a deal with the gold assets that comes any day now!
"CIO has received multiple approaches in recent months by parties, including nearby gold producers interested in developing the project."
Hmm... I wonder if CIO is a good investment right now at all time lows and a fully diluted market cap of ~$20M with ~$3M in the bank?!
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- Ann: Purchase Order Totalling USD$1m Forecast for 2018
Ann: Purchase Order Totalling USD$1m Forecast for 2018, page-22
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