JUT jutt holdings limited

Is this right?Listed on 27/4/07 raising +$4M and only $900K left...

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    Is this right?
    Listed on 27/4/07 raising +$4M and only $900K left in the tin?
    Without going back through it quarter by quarter, can someone shed light on where the $'s were spent?
    Even allowing for listing/project acquisition costs etc this seems like an extremely fast burn rate.
    Maybe I've missed something??
 
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