In the September 2021 quarterly, cash at bank was $12.377m.
In the Dec '21 qtrly, cash was $8.553m.
On 22 March 2022, a 17 hole drill program was announced, covering 15,800 metres.
In the September 2022 Quarterly, the drill program was announced as being "completed" after 8 holes and 8,184 metres of drilling (excluding pre-collared metres of incomplete holes).
Cash then was $2.826m. No doubt considerably lower now.
Pretty obvious that the initial program of 17 holes, 15,800m was grossly underfunded.
Missing the mark by circa 50% of holes and metres drilled is extraordinary. An extraordinary miss!
In my day, this was called budgeting/planning (you get the drift). Baffling.
The reasons for this huge miscalculation have never been explained.
Why?
The Cash
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ICG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.863M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 289865 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 2266209 | 3 |
View Market Depth
| Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
| ICG (ASX) Chart |
Day chart unavailable