G1A 0.00% 5.9¢ galena mining limited

5 Bagger Thread. Fundamentals and Opinions, page-776

  1. 207 Posts.
    lightbulb Created with Sketch. 52
    fair point but balance sheets don't pay bills, cash does, while having some security will give comfort it is worthless if the rest of the cash isn't coming or there. If it's not financed (or otherwise fully funded) at the point the plant construction needs to start guarantee there'll be a delay, not my money it's yours so just saying don't get your hopes up.

    I'm aware that last quarter there was 30m in the bank and a forecast to spend 10 or 15 from memory in the quarter just finished in the context of a reasonably sizeable float plant construction what's' left might get you the civils but that'd be it, that said development has commenced and that'll need to be serviced next quarter to the same or possibly larger amount so yes you have cash but since you've started and have no income you will burn it VERY quickly.
 
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