EMU 0.00% 2.8¢ emu nl

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

  1. 395 Posts.
    lightbulb Created with Sketch. 112
    So, another announcement snuck out after hours with no significant new content - really??

    EMU, despite two capital raisings this financial year, is down to less than $1.6 million in cash. They're spending over $600,000 a quarter paying themselves and doing exploration for which they don't release the results.

    If they keep this up they will run out of money before Xmas because who will invest in this bush chook at these levels? You'd have to be some sort of exceptional bird, namely a 'wood duck'...

    Only a matter of time until this hits the dreaded $0.001 level, then it's all over red rover.
 
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