I know they wrote in the quarterly they were in advanced negotiations for funding of exploration, but how the heck did they not get queried on their cash on hand - 45k.
They spent 70+k on admin costs in the last quarter. At that rate the piggy bank should be empty in the next week or two.
With insufficient funds to make it through the next quarter, why has the ASX not questioned them? or were they ust lucky it was maybe overlooked?
Ann: Quarterly Activities and Cashflow Report , page-17
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