G79 0.00% 2.7¢ goldoz limited

$1.6M in cash as of 30/9 - so probably $1.25 now with $1.2M in...

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    $1.6M in cash as of 30/9 - so probably $1.25 now with $1.2M in trade creditors at June 30.

    Trade creditors may be more now.

    On this bulk sample it will be interesting to know when they can sell it.

    Again now doubt that a capital raising is on the cards ASAP.

    My thinking is that they wanted the ruby announcement to push the share price up and raise some at higher levels- this has not happened so they must just continue along with bulk sample so as derive cash-flow.

    With cash burn of around $350K - $400K per month, they will have to raise money before xmas.

    Well done management on Bulk sample.
 
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