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Cash on hand should be good, surely RC Drilling results must be...

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Gold&Biotrader

293 Posts.

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11/07/22

10:29

Post #: 62471326
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Originally posted by red-frog ↑

Decided to check for myself rather than be lazy.
$3m CAD (about $3.3m AUD) due to be paid via 2 equal payments in May and Nov this year. Plus 4500 oz or cash equivalent to be paid by late 2025.

I'll have a look at the June quarterly when its released to see how their cash on hand is going. Plenty in the bank at the end of March but the $3.3m commitment by Nov and exploration expenditure will put quite a dent in the cash position. I'm expecting a few small explorers to delay drilling in order to try and weather the current downturn. Most goldies are suffering badly at the moment, so for juniors it's just about hanging in until the sentiment changes.

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Cash on hand should be good, surely RC Drilling results must be close.. here's to hoping for some gold hit extensions!

LRL Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.5¢		Change 0.000(0.00%)		Mkt cap ! $5.938M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
3	1464468	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	736741	3

View Market Depth

No.	Vol.	Price($)
3	1464468	0.005
21	4825000	0.004
6	3125000	0.003
2	1300000	0.002
2	5500000	0.001

Price($)	Vol.	No.
0.006	736741	3
0.007	923087	2
0.008	885000	3
0.009	160703	1
0.011	90000	1

Last trade - 16.12pm 03/05/2024 (20 minute delay)


Last 0.5¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
0.5¢	0.5¢		0.5¢	30000
Last updated 11.43am 03/05/2024 ?

LRL (ASX) Chart

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