SER strategic energy resources limited
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Dec quarterly only had 1.5Q of funding in the kitty, spend on...

  1. GH1971
    704 Posts.
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    20/03/25
    15:55
    Post #: 78348557
    Dec quarterly only had 1.5Q of funding in the kitty, spend on exploration was dwarfed by staff and corporate/admin expenses...

    No it wasn't. Exploration costs are shown in two different sections of the cash flow ("Operating" and "Investing") and totalled $721k vs $144k for all other costs.

    @Shezbangr
    Barring something completely unexpected yes, there will have to be another cap raise soon, no way around it. That's the nature of an exploration company - you can't explore with funding.


    Last edited by GH1971: to identify reply 20/03/25
    SER Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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