AUZ 0.00% 0.9¢ australian mines limited

Ann: Quarterly Appendix 5B Cash Flow Report, page-6

  1. 2,519 Posts.
    lightbulb Created with Sketch. 694
    well it seems I have my answer now the half year reports to dec 31st have dropped
    https://hotcopper.com.au/data/attachments/5133/5133230-6432d9b25d94448d36fe5c5e8961f841.jpg
    no development expense so the last qtr to march 31st has had an increased cash burn of 940 k to essentially get approval for land to build and with no finalisation statement on the latest release , it would be my opinion that the increased burn rate will exist for another qtr

    that shaking of the can is looking closer and at these prices the dilution will be significant, no wonder the price is crashing faster than any other Nickel Junior

    so many new SOI coming in maybe a consolidation will be on the cards

    all my opinion not investment advice do your own research





 
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