They spent alot on exploration activies this quarter. I believe the quarters remaining can be significantly extended. The qurterly calculation is the total funding divided by outgoings and they were high due to all the work currently going on. They still have 2M cash.
As noted within the report, 'the company has the flexibility to modify its expenditure on exploration in line with ongoing results and available cash'.
Personal opinion but I am comfortable. The sellers today just yet may get burnt when further news comes through the door in the coming weeks.
They spent alot on exploration activies this quarter. I believe...
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