Just looking over the quarterly cashflow, I was surprised to see that last quarter we spent $6.3m & at the end of the quarter we had $8.2m cash on hand. Am I reading it correctly? If so, that means at current drilling & testing (which seems to be paying off via resource upgrades) we have money in the bank till end of about April. With no real income in the near future, I'm presuming management will have to return to dip into the shareholder well for a capital raising. Be interesting to see the form that would take - would it be to a select few major holders, would it be a broader non-renouncable issue, I don't believe a SPP would be sufficient at $15k per holder (is that the max or is it $25k?). The other thing to consider would be, at what price would the issue be?
Just looking over the quarterly cashflow, I was surprised to see...
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