Who knows in this market just hold on should very good next year

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Sunny Boy

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16/01/16

11:41

Post #: 16808711
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Originally posted by OCM_ ↑

Based on financials for Qtr ended 30 Sept 2015, Moz should have burnt the million dollars cash they had in the bank as they estimated the subsequent quarter cash requirements to be roughly 750k (250k per month) plus activity in January 2016. Moz raised a further $1,750,000 in October so based on current cash burn rate that should give them another 6-7 months without any further capital raises outside of expediting / initiating PFS, DFS which I'm assuming will kick in soon (and increase cash burn).

My gut feeling is that there will be another raising around March / April in order to bring forward study works to get them into development as quickly as possible given the size of the resource base they are potentially sitting on.

What news flows could happen between now and then that could give the current share price a boost and therefore ensure the raising price provide a higher price floor? Then…the question what price will it be at?

Any thoughts or input would be appreciated.

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Who knows in this market just hold on should very good next year

MOZ Price at posting: 4.2¢ Sentiment: Hold Disclosure: Held
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