I'd say the problem is the 1.5 million on administration outflows every quarter. Its not warranted or sustainable. There spend on development by comparison was pitiful. they should be in a good position, given that they have cashflow from their developed mine, ie: they could explore and develop using internal resources, thus maintaining a concentration of capital for existing holders. But as it is, they are heading for another capital raising.
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I'd say the problem is the 1.5 million on administration...
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STRATEGIC ENERGY RESOURCES LIMITED
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