"I hope also that people take note of the fact that these guys have, in fact, 2mill in the bank and not 700k as per the footnote given"
Yes thanks for that.
“The placement of $300,000 of shares and the sale of the Sugarloaf farm land for $1.35 million,has positioned us to continue the development of our projects and deliver further shareholdervalue.”
The Sugarloaf farm land for $1.35 million does not show in the cashflow report;
Well it does but I did not see it: "(1) In July 2019, the Company received $1,350,000 cash following settlement of the sale of itsSugarloaf land asset (ASX Release dated 1 July 2019)."
AXE Price at posting:
14.5¢ Sentiment: None Disclosure: Held
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