tbh. it's not a great look when the company actively avoids publishing material information like the Dec 22 cash balance. are they following ASX continuous disclosure laws? who knows how low the cash balance is and, if they are borrowing money to wait it out . no one can be sure but the lack of reporting leads to speculation. if they are borrowing money to keep the lights on, they will need to do an even bigger capital raise soon.
without cash, there's no company.
in my experience, the worst companies tend to not report information and delay important news. that's why there's laws around to keep investors/ speculators informed. the real issue is that the company isn't reporting important information on time
and on the fundamentals, aren't they meant to be drilling now? how do they drill without any cash.
