At the start of the July quarter they had sufficient cash for another 0.67% of a quarter at their then current rate of spending. Given that 66% of the quarter has now passed where is the cash coming from to keep the lights on? Commercial Hotel lease payments, building staff levels, buying two new bloggers, continuous drilling etc etc. Good airleg miners command at least $1200 per shift - working multiple headings on different levels to maintain mill feed - ore requires scraping to draw points - narrow vein mining is expensive!!! Smoke and mirrors.
WRM Price at posting:
9.2¢ Sentiment: Sell Disclosure: Not Held
