$30M CASH NO DEBT 400KT ? Not True
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Dear POS Club President. ( tomboy)
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Those financial numbers are wrong. Most of payments for Drilling and Assay Results got pushed in July. Why did Peter Harold did CR before Quarterly ? Simple POS was running short on cash. Actual cash position will be around 25 to 26 Million only.(including current CR). Next two quarter, out going will rise very sharply as more drilling and assay results plus Plant Upgrade study goes in full swing.
Ann: Proposed issue of securities - POS, page-91
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