They have enough cash to operate for roughly another 4 years at the current rate, but then again they are also issuing more shares that is improving their cash position by slightly more than their burn rate.
They have tungsten in north Queensland, they got that back in 2014 but then the prices of tungsten fell, only in the past 6 months has the tungsten prices rise again back towards the same level they were at before 2014 so maybe watershed will start to go soon?
They also have some gold exploring in Africa. And exploring cobalt in Germany. I don't like how they're all over the world like that it looks like they are desperate but if they do strike yellow gold (or blue gold) and that helps the share price or watershed get off the ground then that will be great.
Ann: Half Yearly Report and Accounts, page-3
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| Last trade - 15.59pm 17/05/2024 (20 minute delay) ? |
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