AZY 0.00% 1.0¢ antipa minerals limited

Onceover, I mentioned the cash situation back on 15/03/2018 in...

  1. 146 Posts.
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    Onceover, I mentioned the cash situation back on 15/03/2018 in reply to GazeDazzle:

    "Gaze Dazzle, I agree. Last quarter they burnt through 1.3m, and based on that outflow you could assume the same for the current quarter, leaving approx. 1.25m at the end of March. So yes cash needs to be found somewhere and a CR is the obvious answer as I believe it is too early for Bacchus to wave his magic wand"

    The last quarter I mention above was end of December 2018. Todays updated corporate presenation states "2.5m cash end of Dec 2018"

    I fully agree with you on a capital raising of some sort, how it materialises who knows. Time will tell, but I am confident it will result in just rewards for shareholders.

    On another matter, someone mention earlier which company would have the best leverage in the Paterson Province, looking at the updated tenement map of the area - I believe it has t0 be AZY, because secured locations and the fact they are well advanced in what needs to be acheived to get noticed.
 
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