I'm actually surprisingly pleased by the cash burn. They also provided a few more details on negotiations with the government.
I do wonder who is getting all the money from the current operations at Morilla? Someone has a vested interest in protracting these government negotiations it seems, and then trying to pass off any liabilities incurred since last year onto FFX.
If they can keep the cash burn to around $1 million until next June, at least their might be a significant chunk of cash to distribute to shareholders.
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- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-7
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