I wouldn’t expect that cash burn every Q. My issue is you expect to get many more metres drilled with the money they have raised. One DD hole with no mention of the next is pitiful. We were led to believe that there would be two DD holes in this campaign. It’s not good enough just to say plans change month by month and leave it at that. I suspect they spent too much and didn’t have enough funds for the other planned DD hole, which is just bad management.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-21
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
