SAR 0.00% $4.69 saracen mineral holdings limited

bursting at the seams to break-out, page-3

  1. 8,033 Posts.
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    A year ago cash on hand was $57 million after a CR At 68 cents
    That raised $50 million

    Now $22 million cash on hand and $22 million debt

    In that time the POG averaged around $1600 US
    As well as record production

    What has that $57 million been spent on

    I think about $4 million went on plant expansion now shelved
    About $10 million went on exploration
    About $20 million prep work

    Maybe someone can work out where the rest went

    Apart from that there was a right down of stockpiles of $20 million

    I sold some more of this flat bolinger today

    Up up up
    On what basis
    Increased production ?
    POG ?
    Or is it that Hedge

    Please is there any real positives at all
    I am at a loss to find one

    Imoo

 
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