LNR 0.00% 0.3¢ lanthanein resources ltd

$2,1m spent in the qtr with $4,7m left with 2,275m drilled of...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 335 Posts.
    lightbulb Created with Sketch. 18
    $2,1m spent in the qtr with $4,7m left with 2,275m drilled of 10,000ms at Andewa, you dont have to be an accountant (I am one) to know that a lot of money has been spent. I know there would have been a lot of costs relating to the building the track to the site and other costs relating to the set up of base camp, but that cash burn is significant. Add the Tassy IP survey and drilling in and I really have to wonder what there LT cashflow plan is. Other than that, awesome qtrly activity report. And great to read drilling at Bulago has begun.
 
watchlist Created with Sketch. Add LNR (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.