Great to see Ruby's being produced. Will be interesting to see how much cash is still in the bank. Historically the have been burning around $400K - $500K per month or $1.5M per Qtr. My guess is that they will have less than $1M in theca bank.
Probably need 2 months cash-flow to begin production which will be at least $250K - $500K + any further capital expenditure.
One reason why share price could be down as they could be looking at doing a placement at 3 cents or below.
If that was the case, you could have 50M - 100M shares on issue.
Could be massive dilution. There could be 500M shares before to long.
Good news is cash flow is not far off.
- Forums
- ASX - By Stock
- Ann: Mustang Recovers 460cts from Plant Startup-MUS.AX
Great to see Ruby's being produced. Will be interesting to see...
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add G79 (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online