By ASX accounting standards they have managed to amazingly scrape over the 2 quarter estimated cash requirement but a CR is afoot as we all know remaining cash is barely enough to cover the lifestyle.
There is no mention of any current work going on or Litttle Wonder developments.
We have an MD who has not managed, as the head of an exploration company, to put one drill bit in the ground in his 18 month tenure.
Looks like a few new company rides/toys for the boys with a 330k loan for vehicles. Prudent expenditure at this point since we are so flush with cash. Duh.
Buyer beware. Transparancy and direction getting more opaque.
As for this, it takes the cake.
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