lol,
An MD will never, ever say anything other than the company is well funded moving forward.
Even hinting that a CR is coming/necessary would be classified as insider trading, and I suspect you already know this.
Dec cash balance has increased from ~700k to ~2.3m via pump and dump shares to mates. Great.
However an (admittedly simplistic) comparison of reports shows;
- Admin expenses approaching double from 840k for prior 12 months to 700k for prior 6 months
- Net losses rapidly increasing
- Exploration costs obviously haven't really even begun yet... and we've just doubled down on tenements
- Job keeper and R&D refund received last year is now finished?
- The more metrics one checks shows everything in brackets ballooning at a higher rate than cash on hand is increasing...
So that 2.3m cash balance looks to me nothing more than operating costs for the next few quarters, before drilling has even really started...
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