What's your view on their cash position? The last report showed a cash burn of $2.4m compared with $4.5m for the whole of 2014.
They had $3.2m in the bank at the end of Q1 and have since issued 2m additional shares on 132m total for drilling costs and the 2 exploration licences from Hammer (can't wait to see those shares out of escrow at >$0.50 in the next 18mths )
At BAU they'll only have enough cash for Q3 operations. Options would be a CR or more cash from
Antofagasta? Damned expensive digging all the holes.
Risiko will be pulling his hair out! Any thoughts?
HMX Price at posting:
9.0¢ Sentiment: Hold Disclosure: Not Held
ENR Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held
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