Hi Glauconite ,
Where do you think the grittiness will be coming from?
The administrators or potential investors?
Still , it has only been 4 and a bit weeks suspension, a blink in the eye of an aspiring SOP company .
I'm wondering how much longer the suspension will go.
At the next quarterly they are likely to need a bit of a top up [ see last quarterly below], so I presume something has to be moving by the end of April when the next report is due.
8. Estimated cash available for future operating activities $A’000
8.1 Net cash from / (used in) operating activities (item 1.9) (446)
8.2 (Payments for exploration & evaluation classified as investing
activities) (item 2.1(d))
-
8.3 Total relevant outgoings (item 8.1 + item 8.2) (446)
8.4 Cash and cash equivalents at quarter end (item 4.6) 1,067
8.5 Unused finance facilities available at quarter end (item 7.5) -
8.6 Total available funding (item 8.4 + item 8.5) 1,067
8.7 Estimated quarters of funding available (item 8.6 divided by
item 8.3) 2.4
Note: if the entity has reported positive relevant outgoings (ie a net cash inflow) in item 8.3, answer item 8.7 as “N/A”.
Otherwise, a figure for the estimated quarters of funding available must be included in item 8.7.
8.8 If item 8.7 is less than 2 quarters, please provide answers to the following questions:
8.8.1 Does the entity expect that it will continue to have the current level of net operating
cash flows for the time being and, if not, why not?
Answer: N/A
8.8.2 Has the entity taken any steps, or does it propose to take any steps, to raise further
cash to fund its operations and, if so, what are those steps and how likely does it
believe that they will be successful?
cheers
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