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5.00% 1.0¢ avenira limited

"MAK has $13mil as of Jan."But as of the 31/12/08, as projected...

  1. fluffynymph
    56,679 Posts.
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    13/03/09
    19:42
    Post #: 4902072
    "MAK has $13mil as of Jan."

    But as of the 31/12/08, as projected by your company as per the 2nd 08/09 quarterly, the cash spend for exploration, development and evaluation is $5m. The administration is around $400K per quarter.

    $13m minus $5.4m is $7.6m.

    3rd quarter will contain obvious dilution IMO based on cash spend.

    All eyes on their next quarterly in a couple of months.
    AEV Price at posting: 44.7¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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