re: Ann: JORC Resource Update for Tsant Uul C... The market is always concerned that small companies transitioning to production will not have enough cash to see them through to positive cash flow.
HUN had $75 mil after the last cap raise which knocked down the SP. There is obviously alot of infrastructure & equipment needed over the next year. The co has announced
its intention to buy trucks & an excavator & rail extention
work.
The company now needs to announce whether it has enough cash to see it through this stage of development. Otherwise
investors may stay on the sideline awaiting another cap raise.
Cheers
Moorookamick
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- Ann: JORC Resource Update for Tsant Uul Coal Proj
Ann: JORC Resource Update for Tsant Uul Coal Proj, page-7
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