1AE aurora energy metals limited

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

  1. 4,324 Posts.
    lightbulb Created with Sketch. 638
    i was referencing the cash costs for the 3 months to 30th June.

    the announcement about the local project manager hire is dated 11 June. maybe hired around 11th maybe not, or commenced work around the 11th or some other time.

    11 June gives 1 fortnightly paycheck or about 2 weekly paychecks.

    about 1/26th of the annual cost is included in the 350k.

    so it's about 400k per quarter with the US project manager but without a local team or CEO.

    why do shareholders put up with this? slave mentality.
    Aurora not just an explorer but
    many micro cap explorers now 300k+
    even 150k+ should be considered extravagant.
    i usually go with the low cost ones, except KPO which has high costs but share price has understandably been running up lately.
    Last edited by Empty Nose: 24/09/24
 
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