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727 Posts.
3
10/03/17
09:45
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firstly I like the holistic approach of the business
But my sticking point is the excessive cash drain for staff, directors, exploration ( when there should be nil) & interest payments
current cash burn is around 1 mill a quarter with only 700k left in the till.
Options are due next quarter which will bring around 1 million if sp stays above 0.12
Of course they could sell some assets to cash up but that defeats the purpose of the business model.
What am I missing?
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