No news karthus. Aero magnetic surgery postponed on 11 Feb due to bad weather. That was 6 week, weather better but no survey.
Cash on 31 Dec 19. 670k. This qtr spend est 408k. This leaves 180k cash.
There admin and staff costs are 300k per qtr. Nit enough monet to cover q2 admin, yet explore.
In this environment a cr will fail. Now they raised 1.2m in Dec qtr and its gone already from admin and debt payment.
The reason for the volume is there was a poster who stated news due. A day or so after this 1 buyer bought all shares at 0.1, then immediately put them for sale at 0.2. After this a poster is telling people to buy, it is the same poster that stated news before volume.
I'd stay away as its got no cash, is illiquid. Before that volume not a buyer. It will return to that and holders will be stuck with shares again.
The only news will be a cr or bust. The auditors state money needs to be raised or finance be provided to remain a going concern.
The management are also milking it with more than 300k admin and wages a qtr with no viable projects, many explorers clock in 50 to 75k admin per qtr.
