CZN 0.00% 0.6¢ corazon mining limited

Ann: Divestment of Miriam Lithium Rights, page-5

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  1. 4,068 Posts.
    lightbulb Created with Sketch. 1489
    110% correct there @VKumar

    People need to look at their last quarterly cash flow report they had just on 800k left in the Tin Tank if it goes below 500k they are outta here gonski...so they had to raise cash fast and knowing full well the market an retail has woken up to their continued lifestyles they would be lucky to raise bubbles full of gas in their bathtubs...an the easiest way to give them breathing space/lifestyle cash is to sell off what they could to raise enough to stay above the threshold, because if they hadn't they would absolutely be in desperate need to do a CR to keep the doors open....of course all this is imho except for the facts.wink.png
 
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