Half yearly accounts report a total of $12.5m Capital raising YTD. $2m+$3.5m+$7m
The Half yearly accounts show $2m carried forward cash surplus with no additional funding injection over the past 4 month period.
The cash surplus wouldn't have been enough to take them through the last quarter without halting development & production, crew layoffs & placing the mines into care & maintenance.
There have been no announcements of winding down the current development & placing works into care & maintenance.
Any cash injection through captial raisings would have been material requiring disclosure through market announcements.
Any JV or farm-in securitisation agreement would have been substantial to request a trading halt pending a public announcement.
As there have been no announcements since last quarter, proceeds from production must have been carrying the company forward throughout the current quarterly period.
As the company is positioning itself for aggressive growth in it's gold business in 2011, an announcement regarding the finalisation of the Anhui farm-in & others must be forthcoming.
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0.4¢ |
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Mkt cap ! $12M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 24047419 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 1749999 | 2 |
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