does anyone find it weird that in the quarterly report it has administration costs as $248000 and exploration as $22,000. Shouldn't it be the inverse where more costs should be allocated to exploration? why are admin costs so high?
Also cash at end of quarter is $282,000 and estimated outflows for next quarter at $205,000 leaving only $77,000 in the bank. I suspect there will be a capital raising soon, as there will most likely be 2 more quarters before the exploration rights are issued.
CEL Price at posting:
7.4¢ Sentiment: LT Buy Disclosure: Held
