TYX 0.00% 0.5¢ tyranna resources limited

Ann: Quarterly Cashflow Report, page-7

  1. 2,140 Posts.
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    @sowens, those figures (at a guess) don't have to match up in this report.
    The $140k is a 'call deposit'. This appears to be an investment account in some way. Google it.
    There do not seem to be any restrictions on withdrawal of those funds so I reckon that technically they should be added to the $5k cash.
    They show also that they want to raise money for working capital whilst at the same time they have $950,000 to come in from the sale of Jumbuck.! From memory, Jumbuck was sold to Alliance in Oct last year so why the delay with the rest of the money.?
    Imo it would be criminal to even think of trying to tap shareholders pockets for more cash even though they state this CR would be targeted at Instos and Sophs. Of course they will have to offer a discount on the current rubbish SP as well.

    They have to step up to their responsibilities, use the call deposit of $140k for working capital, get the $950k for Jumbuck and stop screwing around, imo.!

    Ps, please resist from quoting the price of gold, this is totally irrelevant

 
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