AUZ 14.3% 0.8¢ australian mines limited

Ann: Appendix 5B, page-6

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    As has been commented

    • Administration and Corporate costs $984,000
    • Development costs $821,000

    shows some serious cash burn in a quarter for a company that only has $7.2m odd left in the bank - if that keeps up they will be running very low on cash by mid/late next year.

    It would be nice to know some details - perhaps some is associated with corporate advisory associated with the demergers & consolidation proposals and efforts to fund Sconi.
 
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