The Quarterly as at end June 2019 showed cash on hand of $8.069 million (including funds from RIO to be spent on JV land). Expected spend for the next quarter to 30 September was estimated at $4.8m which would mean a cash balance at 30 September of $3.269m.
The next quarterly due in the coming week will confirm the cash balance as at 30 September and the estimated spend for the quarter to end December. We will then be one month into that quarter spend.
The market knows this hence the current bearish price action.
Ann: Gold and Zones of Copper-Gold Mineralisation Identified, page-16
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Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $106.3M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.4¢ | 2.2¢ | $259.3K | 11.42M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1446111 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 2885093 | 4 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| AZY (ASX) Chart |