Yes, I wonder whats in that $192K ?If you look at the CMO end of...

Yes, I wonder whats in that $192K ?

If you look at the CMO end of quarter report for end of June 24 they had $1.285,000 and nearly 4 quarters of funding according to the board.

And yet less than 4 months later they are raising funds and drilling has stopped.
Also it needs to be remembered that the drilling contractor also took 50% payment on some of the drilling on Kanowna in CMO shares not cash.

It would have been of more benefit to the company if the board had applied some of that high focus and cost effectiveness to prudent fiscal management over the last 12 months.

Below is an extract from end june quarter 2024 showing estimated cash etc

I think there is more to come from Kanowna but you need funds to drill so until that is sorted CMO is in a holding pattern.

I also had a quick look at what the directors were being paid from the last annual report.

Andrew Patterson was paid $37,000 a very modest sum and a reduction from $52,000 the previous year.
The departed James Merrilleess $270k and Peter Bird $52,000 down from $74,000
As shareholders we dont know how much each contributes to the development of the company but would guess we get our value with Andrew.
Lets see what Ian Prentice can contribute.