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Hardrock25

3,037 Posts.

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12/05/17

16:21

Post #: 24657726
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Originally posted by Nikec ↑

Youre right, it is called a Capital raise.

Sure there is, they spent 4mil last quarter, they had 3mil in bank account, ending 31 march.

We are in mid may, thats already middle of the current quarter.. Which means they have probably spent about 2mil already.. Hence 1.2mil in bank account.. Perhaps slightly more since they arnt cutting any rare rubies this quarter.

I dont see any other cash inflow? Unless im missing something?

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And if there is not a Cap raise? i guess you will pay a premium then hey?

MUS Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
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