anyone out there?, page-10

g’day younga
even less cash now. Only $3k, I think.
they have a $2.5m loan facility, that is drawn to $1.6m so far. So they can draw another $900k.
that’s not a lot for when they start drilling, but may be enough to get a few holes into some of their more prospective areas.
what they need/hope for, is something to boost SP, so they can CR, which is a certainty, with their cash/debt position.
im surprised anyone has loaned them so much. Possibly a related party?
I’m watching for when they get closer to drilling. Then I’ll probably take a small stake.
but if they run through that $900k without any drill success, it may well mean the end for them.
cheers,
ned.