ARL 4.44% 47.0¢ ardea resources limited

Ann: March 2021 Quarterly Activities and Cashflow Report, page-5

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    phenomenal detail and transparency here across a diverse program of work

    still $8.3m cash in the bank - nice to see so much of the quarterly spend on exploration and evaluation

    if I recall correctly we'll likely get R&D money back over the coming quarter or next so realistically 4 quarters of cash in the bank at this burn rate, and likely more runway given the burn rate for last quarter was high.

    very happy holder
 
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