PGO 1.06% 9.5¢ pacgold limited

Ann: Broad Zones of Veining within Targeted IP Anomaly, page-26

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  1. 697 Posts.
    lightbulb Created with Sketch. 121
    A few shareholders cutting their losses today.

    We should be expecting assay results from the central and southern drilling next week, that's if they are true to their word.

    https://hotcopper.com.au/data/attachments/5375/5375057-a4b9ce8df00ee6ce508cd87fdc0aebac.jpg
    Cash on hand was $4.7M at start of April, 3 months ago
    They spent $6.3M in the last 9 months, i.e drilling, testing and running a business.
    Note, there was the wet season on that 9 month period.
    Funds will be getting low.
    They are going to need to raise money in the next 2 months.
    These results from recent drilling will need to be spectacular or the viability of this company will be looking shakey.
 
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