With accounts due in a few days, wondering where people see cash flow at. Cosmo is on my radar, but to be honest I do not have an estimate of current accounts.
Going by the last accounts produced up to 31 Dec '23, CMO were at a standing financial position of $8,622,786 (slightly lower than the previous quarter).
CMO show a cash burn of $408,768 on that quarter, slightly up (about 5% or so) on the previous quarter.
Since these accounts were produced, the Kanowna gold project has been acquired and I would expect some exploration and drilling would have been undertaken over the past 1-2 months, increasing cost to contractors.
Without taking this into account, CMO should have accounts standing at around 8.214m. Considering 100K or so for drilling, accounts should sit above 8m.
Am I thinking in the correct ballpark?
I am interested in lithium potential within CMO, rather than gold. I believe the lithium market will either turn in the next 2-3 months, or after US elections (if Biden is re-elected), or not at all.
Would love to hear others views whom have far greater understanding of CMO than I.
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