It appears to me the cost over runs of the original 2014 exploration drilling program have been met, as the talk was always to the sum of approx. 23mil. As to the previous qtr, 24 mil has been dropped, then add the extra subsidiaries, counter it with the fall of the Australian dollar, this will have added to the gain in cash holdings, past debt looks be covered.
CN quoted
FAR enters this quarter with a strong cash position of $43.5 million and "no debt".
As I read it, I believe this is monies going forward, and if it is, this will be a welcome surprise to all holders.
Just before posting looked back at thread, well written Trev.
Ann: Quarterly Cashflow Report, page-19
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49.0¢ |
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Mkt cap ! $45.28M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 52.0¢ | 48.5¢ | $101.9K | 200.6K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 48741 | 48.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 1786 | 1 |
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