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0.63% 80.5¢ red hawk mining limited

Dec12 Quarterly report lists cash balance at $10mn. The cost to...

  1. rishiketkar
    67 Posts.
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    15/02/13
    11:02
    Post #: 11424375
    Dec12 Quarterly report lists cash balance at $10mn. The cost to run the show each qtr is approx $3mn.

    Thus we can logically expect the balance at 30th June to be around $10mn-$6mn=$4mn.

    Am I the only one expecting a CR around Apr-May13, when the cash falls down to around $5mn, or is anyone else also in the same boat as myself.

    No position held by me. Your thoughts beautiful people !!

    Have a great weekend.

    DYOR

    FMS Price at posting: 7.1¢ Sentiment: ST Sell Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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