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1.0¢ king river resources limited

Ann: Quarterly Cashflow Report, page-3

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Duste

349 Posts.

155

30/01/18

19:50

Post #: 30675220
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Originally posted by blister ↑

Happy with this, $781,000 on hand, estimated outflows this quarter $385,000 including the completion of the vanadium work.
they could dial down the administration a little just shy of 200K for last quarter and 37K on "Promotion"? However that may be roadshows, investor presentations and the like, won't complain as we've bagged several times.
this quarter is effectively crunch time, will definitely need to find a JV sooner rather than later as by June they'll only have admin costs in the kitty. However, with the confirmation of vanadium at 99.5% (hopefully) this any raise will be at a much higher price and the MC can handle a few rounds of dilution before its anything resembling a concern.

AIMO, but looking pretty solid for a big 2 quarters.

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$781k on hand, plus this:

NOTE: On 15 January 2018 the Company announced that it had received firm commitments for a $1.2m placement due for settlement on 2 February 2018, the Company is now fully funded to complete the current metallurgical test work, complete the Concept / Scoping Study on the Speewah Vanadium / Titanium / Iron project, and to conduct an extensive RC (with some diamond) drilling that will follow up the shallow high grade Mt Remarkable gold discovery.

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KRC Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $15.28M

Open	High	Low	Value	Volume
1.1¢	1.2¢	1.0¢	$181.4K	16.66M

Buyers (Bids)

No.	Vol.	Price($)
2	1000499	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	679700	3

View Market Depth

No.	Vol.	Price($)
2	1000499	0.010
23	7984916	0.009
20	27683817	0.008
5	3681378	0.007
8	8989696	0.006

Price($)	Vol.	No.
0.011	679700	3
0.012	2884085	10
0.013	1679030	4
0.014	1486416	5
0.015	1224473	4

Last trade - 16.10pm 14/11/2024 (20 minute delay)

KRR (ASX) Chart