So, anyone care to guesstimate cash on hand end Dec 22?
$870,000 end Sept
$3,424,458 raised November, Cannacord receiving 2m options as "part of" their fee (Unclear what other costs they may have received)
$300,000 payment from chairman for 2.4m shares and 1.2m options (Approved AGM 14 Dec)
Total $4,594,458
Last QTR Staff, Admin & Other costs = $734,000
The question mark is what was other spend?!
Where there outstanding exploration & evaluation costs outstanding from previous QTR, probably.
Presuming same Staff, Admin etc. and allowing for $500,000 for exploration/evaluation and other sundry items. My guess/hope........
$3.6m
Not sure what time zone Dave is on but 4pm in the US9am Perth!
AW1 news articles, page-43
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