Addendum:
In the Operational Update the company had $35M cash & $3.5M for gold receipts coming in July.
- which in my opinion was enough to move forward this quarter, by making the changes necessary to reduce spending and the sale of LLL shares appears to be a knee jerk reaction.
- although, when the quarterly cash flow report is released, section 8, they will have to explain expected cash flow to fund operations.
- selling the shares a bit later if the share price of LLL appreciated, to minimise the loss would have been a bit more prudent.
BUT, its done now ........
cheers
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