Sold out yesterday, as I was concerned about a capital raising and decided to de risk the portfolio for 30/6/18.
From the last quarterly.
9. Estimated cash outflows for next quarter $A’000 - April to June 18.
9.1 Exploration and evaluation 5,758k
9.2 Development ‐
9.3 Production ‐
9.4 Staff costs 200k
9.5 Administration and corporate costs 448k
9.6 Other (provide details if material) ‐
9.7 Total estimated cash outflows 6,406k
Balance at 31/3/18 was $10,121k
How long before a capital raising will take place? Comments or opinions.
Still like the story and the opportunity. May buy back later when dewatering has been completed.
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1 | 100000 | 0.022 |
2 | 244822 | 0.021 |
2 | 150000 | 0.020 |
1 | 100000 | 0.018 |
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