KMN 4.00% 12.0¢ kings minerals nl

the need to raise capital, page-4

  1. 62 Posts.
    Thanks for the lead Drummer Girl. KMN advised in their march Quarterly that they had 8.6m and would burn a further 3m. That leaves them with 5.6m at June. A further 3m burn by Sept leaves them with approx 2m. SNN had approx 4m at end of March which doensn't leave them with much cash at all.
    How does this leave both companies with minimal cash at the end of September in a stockmarket that is highly volatile and currently not backing spec stocks.
 
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