Quarter ending 31 of may
The figures in this announcement are what we should be taking into account in regards to lom,s financial position.
All monies raised from the shortfall are in this annoucement and you can see the total shares on issue to prove it.
There is 4 mil left with 2.6 mil required for exploration evaluation and administration over the current quarter.
The only other money is the money loaned to the luo joint venture that is to be spent or has already been spent.
I dont understand why im the only one that can see this.
Considering others dont agree with me im going to ring the company tomorrow and ask if the loaned money is part of the current quarters outgoing expenses and also to get a better understanding of the companies current financial position and how much cash they expect to have left by the end of the current quarter.
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- Ann: Quarterly Cashflow Report
Ann: Quarterly Cashflow Report , page-2
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