Yes, petty sure it would be the cash flow statement. Q1 expenditure was only supposed to be about 400k and it ended up being over 1m. Plus, the mentioning of needing to raise more funds to get through this quarter because of there inability to budget isn't good. I suppose it can be looked at that, at least they are doing some serious exploration.
I just hope they have a sophisticate already onboard for the cap raising. If not, mentioning a CR in a cashflow statement is a retarded move as the SP obviously drops before asking people for money. I just don't think management could be that incompetent.
I hope management know that the survey results have some promise in them, otherwise the CR will be a complete non event....... and after the last fiasco that they realise the funding has to come from sophisticates.
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