1) As at 30-Sep-24 they do not have enough cash to pay the 13.5mil Jul-Sep exploration program and overheads, they’re short 2.2mil----add to that shortfall on-going costs for Oct, Nov for wages, contractors etc.
2) They have a critical timing issue in their cashflow forecast where they need the 4.2mil in the form of the PEA payment to cover PFS, resource upgrade and permitting work and the exploration program, overheads, working capital and other costs up to April 25.
3) If they get 4.8mil from JORC increase this year then the situation eases.
If anyone can dispute these figures I’m genuinely all ears please?
They must be super confident of the JORC increase happening ‘tout de suite’
The figures are there, if correct so be it, if not then point it out please and DYOR!
AW1 Price at posting:
7.0¢ Sentiment: None Disclosure: Not Held
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please?
(20min delay)