GDN golden state resources limited
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"Why come to this thread "To remind you that the cash burn rate...

  1. ClarkKent
    10,614 Posts.
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    30/04/07
    21:47
    Post #: 2404669
    "Why come to this thread "


    To remind you that the cash burn rate in the March Quarter was $6 million and that GDN has less than $2 million cash on hand.

    That represents 1 month's worth of cash.
    The ASX has been known to query the solvency of companies when they have 6 months ! of cash.

    Any questions ?
    GDN Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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