had a look at the quarterly report.
From my limited knowledge their total outflows (i.e. cash flows related to operating and investing activities is $769,000).
There current cash on hand is $1,504,000 (this value is after the above outflows are deducted). Their estimated cash outflows for exploration & evaluation for the coming quarter is $400,000. If we include the other operating & investing outflows the total outflow may amount to approx. $600,000- $650,000 for the coming quarter. Taking that into consideration they still do have some cash on hand. And if we include the new cash coming in it might last them a few quarters- Maybe till about this time next year thats if we are lucky.
Am i correct, or am i missing something???
When we weigh this financial position against the prospects, i really dont know what might come out. I just hope that there is some good news on its way.
DYOR
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28.0¢ |
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Open | High | Low | Value | Volume |
28.0¢ | 28.0¢ | 28.0¢ | $4.327K | 15.45K |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
---|---|---|
29.0¢ | 3000 | 1 |
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No. | Vol. | Price($) |
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2 | 41707 | 0.280 |
2 | 6870 | 0.270 |
4 | 34465 | 0.265 |
3 | 145333 | 0.260 |
5 | 25145 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 3000 | 1 |
0.300 | 38751 | 3 |
0.305 | 4 | 1 |
0.310 | 5481 | 2 |
0.320 | 1584 | 1 |
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