So end of June quarter they were down to AUD $15.521M cash.
End of September quarter they were down to just AUD $6.051M cash.
I think that justifies their decision to do a raise. They spent $9.47M ( $15.521M - $6.051M ) in the September quarter. As I speculated ( Post #:56911388 ) delays in assays and the ramp up of drilling activity led to a fairly high cash burn in the September quarter.
The majority of that spend ( 88% = $8.43M / $9.47M ) was on exploration & evaluation:
So end of June quarter they were down to AUD $15.521M cash. End...
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Last
19.8¢ |
Change
-0.023(10.2%) |
Mkt cap ! $40.86M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 21.0¢ | 18.5¢ | $31.96K | 168.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7000 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 95 | 1 |
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| Last trade - 13.10pm 11/07/2024 (20 minute delay) ? |
| NVA (ASX) Chart |