G79 0.00% 2.7¢ goldoz limited

Great to see Ruby's being produced. Will be interesting to see...

  1. 327 Posts.
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    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.
 
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