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0.8¢ australian mines limited

Ann: Quarterly Cashflow Report, page-13

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Ampere

551 Posts.

54

01/02/21

15:48

Post #: 50612265
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Originally posted by ClockworkSmurf: ↑

Anyone figured out what work has been dropped since last quarterly to change things from 4 quarters cash at hand to 6 this time with less money?

As a fellow poster noted, there are now more tenements so why the consistent reduction in development/exploration/evaluation?

Covid can’t be used as the reason because it was present as of the last quarterly and was in many ways worse because vaccines weren’t at the stage they are now.

Last quarterly:
’We have 4 quarters of cash- which value we might call x’
becomes ‘We have 6 quarters of cash who’s value is now x - 1 quarter’ this time.

Consistent pursuit of the goals that they had in mind as of last quarterly should have left them with 3 quarters cash at hand this time.

Either the Board is no good at forward planning or work/s has/have been dropped or delayed in a big way to turn 4 quarters minus 1 in to 6 quarters.

Expand

All good questions. Let us know what the BoD responds with to your questions and no Im not going to answer.

AUZ Price at posting: 2.7¢ Sentiment: Hold Disclosure: Held
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Last 0.8¢		Change 0.001(7.14%)		Mkt cap ! $10.48M

Open	High	Low	Value	Volume
0.8¢	0.8¢	0.8¢	$975	130K

Buyers (Bids)

No.	Vol.	Price($)
26	4582754	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	4311311	15

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No.	Vol.	Price($)
26	4582754	0.007
33	45124111	0.006
16	32700199	0.005
9	8654750	0.004
4	2960000	0.003

Price($)	Vol.	No.
0.008	4186311	13
0.009	4323654	9
0.010	3473131	22
0.011	4268820	12
0.012	4135705	7

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