We have been in this situation many times. The issue here is we don't "invest" the money into any activities or assets that create any material change to the sentiment. The casual working basis management however take a full time wage. Let me tell you how that 600k will be spent and all gone by the next quarter.
-150k on overheads -300k on wages - 100k on admin & corp
50k on the bank and we will be rattling the tin once again at sub 1c. You can't change fate without material changes to how this mob operate. By all means we still don't even have money to do a drill campaign so there is still NOTHING material this management can pull out their hats apart from a dilutive acquisition to change sentiment.
When will top SH force this mob to focus their efforts FT and focus more cash into actual exploration activities??
AIMHO
AVM Price at posting:
3.6¢ Sentiment: None Disclosure: Held
