LML lincoln minerals limited

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

  1. 5,288 Posts.
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    Hmm - ok. Not much there. Funding still required. 80K pm is some significant cashburn still. Surely there is a strategy hidden here somewhere. Two new investors raising circa 250k..lol, plus options - seems unusual to me. That's a chump change raise, vs what is actually required - but i guess it provides another 4-5 months of runway....which I would hope is going to coincide with a known funding option. Anyway, maybe my impatience and pessimism is getting the best of me. let's see. Those re-assays need to be good.
 
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