ENR HMX

Hi Lucky Let's hope for at least 19 on Monday. What's your view...

  1. Patient
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    29/11/14
    08:17
    Post #: 14376575
    Hi Lucky

    Let's hope for at least 19 on Monday.

    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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