re: Ann: Aircore drilling commences at Alford... RediMoney,
"They are almost out of money... So will need something positive out of Lumwana soon!"
Sort of correct but not quite!
Just a grab from the Dec Qtrly.......
Dec Qtr had $139,000 in administration expenses.
At the conclusion of the quarter, Argonaut’s cash position was $180,000.
In January 2014, the Company agreed the terms of sale for Sydney real estate and expects to receive
proceeds of $425,000 in early March 2014.
The Zambian Government confirmed a VAT refund of $233,000 in January. Part payment was made following
the period and the remainder is expected in February 2014.
(This was released at 6-36pm tonight: A contract for the sale of an office at 60 Park Street, Sydney, NSW has been
executed.)
At least the Alford project is relatively shallow compared to the rest of the Olympic Domain so Aircore should not be as inconclusive as it usually is (hopefully).
MI
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