ABU's Balance from previous qtr was $8,344,000
Balance at end of last qtr was $2,828,000
That is a cash burn of $5,500,000 per qtr or $1,850,000 per month and at that rate that would then leave bank balance of under $1,000,000 at the end of October??
Is this one of the causes of a under/poor performing share price where its potential is far from expectations??
How shall that leave ABU with the ANZ's banking facility, where it stipulated certain conditions, of which one was a minimum bank balance??
(please don't bring up the gold price as the performance of gold is done to death on these threads)
Cheers
ABU's Balance from previous qtr was $8,344,000Balance at end of...
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