REZ 12.0% 2.2¢ resources & energy group limited

this illustrates the relentless nature of cash drain in setting...

  1. 19 Posts.
    lightbulb Created with Sketch. 4
    this illustrates the relentless nature of cash drain in setting up of mining...they were never going to have enough cash to get mining, considering that the costs of set up would be the same whether it was to treat 5,000 tonnes or 50,000 tonnes, and it now looks like lammington might not be prepared to meet all costs until the operation has been proved viable, who is paying for exactly what are details that shareholders should have.

    that 1.5mill has been wittled down to about 1mill , and had the directors not taken shares in lieu of fees, cash on hand would now be down to less than 3/4mill.
 
watchlist Created with Sketch. Add REZ (ASX) to my watchlist
(20min delay)
Last
2.2¢
Change
-0.003(12.0%)
Mkt cap ! $14.72M
Open High Low Value Volume
2.4¢ 2.5¢ 2.2¢ $32.79K 1.414M

Buyers (Bids)

No. Vol. Price($)
3 266003 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.5¢ 88969 2
View Market Depth
Last trade - 16.10pm 06/09/2024 (20 minute delay) ?
REZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.