LM8 12.0% 22.0¢ lunnon metals limited

Ann: Quarterly Cash Flow Report - March 2024, page-5

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    With the significant fall in the nickel price, and poor prevailing market sentiment, the Company is taking a prudent approachwith respect to its capital management and is planning to reduce monthly exploration and corporate costs fromapproximately $1.5 million to $0.75 million per month. Expenditure will naturally fluctuate month to month dependent ondrilling type and activity. The Company reduced its site-based headcount by 50% during the quarter to reflect this forecastreduced exploration activity. Two positions in the Perth office were also made redundant.

    is what they say so that's about $2.3m a quarter for exploration and corporate costs - is that enough?
 
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Last
22.0¢
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-0.030(12.0%)
Mkt cap ! $48.52M
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24.5¢ 24.5¢ 21.5¢ $55.42K 242.3K

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1 1500 21.5¢
 

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Price($) Vol. No.
22.0¢ 129999 1
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