HLX helix resources limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-7

  1. 10,432 Posts.
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    Mike has raised $7m and we have $2.5m left
    we spent it on drilling high grade at Canbelago but its not worth chasing deeper
    we didn't find either north or south repeat shoots at CZ
    and I gather we're questioning their existence with a redraw of the model
    we're going to spend the balance on RC testing all new targets
    it hasn't been a successful $4m spent.
    Its not a sell, its a buy but that's 12mth and lots of cash with no cigar
 
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