No....there's $728k cash at 31/12 PLUS the $3.75m raised after 31/12, less any spending between 1/1/25 to date, so plenty to get them thru to initial drilling imo.
"On 7 February 2025, the Company issued 125,000,000 fully paid ordinary shares at an issue price of $0.03 per share to raise $3,750,000 under the Company’s existing placement capacity. On the same day, the Company issued 6,000,000 ordinary shares to directors for the share performance rights vesting on a market cap of $20m, as approved by shareholders at 2023 AGM. "
ESR Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)