Regarding the last quarter:
You've pretty much answered your own question. Backdated expenses from the prior quarter.
Yearly director fees are $150,000 so $82,250(for 6 months+ superannuation) were paid in the latest quarter. In addition Conico acquired two new large tenements near Mt Ridley Mines which cost approx $18,000 to acquire.....E63/1778&1779.
The remainder $73,000 I don't know .At a guess JV website expenditure and there is some outstanding debt....there were also placement fees for the Capital raising($26,000)
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2nd quarter:
The company raised $370,000 last year for the purpose of retiring debt and ongoing expenses. The large administration expense during this quarter is due to this being repaid.
CNJ Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
(20min delay)