July - Sept qtr no exploring or drilling was admitted to by the company.
In the qtr the company was spending $221k per month on average. With $770k left
October they said they were going to explore the East Byro, Sending a consultant to a conference, looking at other avenues like coal washing and doing the scoping studies etc. doing an advisory board to look at other avenues like India for selling coal.
so end of October estimated ($770k minus $221k minus extra consult / advisory costings) $450k to $500k in the bank based on ave spend plus consults (possibly way worse).
but where did the money in the CRs really go? What are the fees and charges and where has it gone? Staff and termination fees etc. Lots of what, where, how does this add up etc.
all investors need to look over the numbers and ask questions.![]()
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