GW1 1.79% 5.7¢ greenwing resources ltd

So in summary, * Waiting on drilling results from Mahefedok...

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  1. 2,168 Posts.
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    So in summary,

    * Waiting on drilling results from Mahefedok (announced mid Oct 2016, due in 3 months..so about mid Jan 2017...so any time now).

    * Production will be down this quarter due to plant upgrades (400 tons avg...which is 1600 tons/year).  Current production likely not of high quality yet.  Production thus far only $0.118 mil in receipts for last 6 months ending 2016. Any timeline on this?

    * Expecting $1 million from LionGold which hasn't appeared yet.  Chasing that up.

    * Renegotiated deal with Stratmin on favourable terms to significantly reduce future debt requires some immediate payments ($1.185 mil by 17th March 2017).

    * $4.3 mil in the bank start of 2017, $3.4 mil needed this quarter this includes the Stratmin payments.  Without those stratmin payment and drilling, it looks like a $1 mil operation thus far per quarter.  So pretty sustainable. Plant upgrade costs?

    Did I miss anything?
    Last edited by Dr_Manhattan: 07/02/17
 
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