Ann: Update on Barkly Phosphate , page-6

have been watching this stock for awhile now awaiting news on mt mulligan coal assets,thats all they have that is worth a squirt of piss.why they are wasting the little money they have got on these other rubbish projects i dont know.they only have about 1.5mil in the bank,and last quarter they burned through 800thou,so at that rate within six months they will be broke,unless they do another capital raising,which they struggled to get over the line last time,and the share price has gone further south since.any new capital raising at current price will be very dillutionary to current shareholders.i fear for its future as a going concern.