16 quarters remaining of cash. Yeh that’s awesome when they are spending nothing! Their consultant Viaticus Capital will likely lodge a large capital raising soon to get some decent cash in the bank. $6M is no where near enough to get away from the desktop studies.
The props keeping the VWAP up are a sign of this coming too.
Ann: Quarterly Cashflow Report, page-2
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Mkt cap ! $48.44M | |||
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