Sept. 30 Qtrly had cash of 1.76M. They have been burning around 300K - 400K per month. The previous Qtr, they spent 1.8M. Additionally MUS budgeted for $1.3M for this Qtr. I would say they have $500K - $750K in the till.
At least with a marketing agreement to someone like Debeers, the company could raise debt for working capital.
In my opinion, they need to commence full scale production within 12 - 18 months, or the share price will continue to be dillutted.
DYOR
- Forums
- ASX - By Stock
- G79
- Ann: Investor Presentation
Ann: Investor Presentation, page-98
-
- There are more pages in this discussion • 48 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)