Estimated currently cash position: $856k. Might last another 5 months without any cash injection.
BD1, has $4.1m contingent cash receivable upon the purchaser meeting a regulatory milestone.
On 10 July 2007 the Group disposed of its Ukrainian gold mining assets for US$5,000,000. US$3,000,000 (equivalent to A$4,145,937) of this amount remains outstanding and will only be received upon the purchaser meeting a regulatory milestone relating to the advancement of the Saulyak Gold Project. With the sale of its Ukrainian gold mining assets the Group is no longer exposed to operating in the Ukraine other than in relation to the contingent consideration of US$3,000,000.
BD1 Price at posting:
2.6¢ Sentiment: None Disclosure: Not Held
