They had 700k end of Q3, at a 700k burn in the quarter, $600k/q on the prior 2.
My assumption is that there's less drilling this quarter, so the costs could be more like $450-500k.
This is a $5m capped explorer than only 6 weeks ago was trading at $3m with $700k cash... it's inevitable that they will need a CR. Could be that the REE results give it the boost needed to get noticed and raise more for less, might be that they can hold into next quarter with low cost shallow RAB drilling in the yuinmery adding to the story.
Let's see
They had 700k end of Q3, at a 700k burn in the quarter, $600k/q...
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.075M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $30.15K | 2.320M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1009521 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 273378 | 2 |
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| Last trade - 14.27pm 24/06/2025 (20 minute delay) ? |
| G88 (ASX) Chart |