We are lucky they have 16m odd cash. Depending how invested it could earn 650k a year.
A nice offset against expenditure.
What worries me about companies with low cash is viability. Especially in the present climate where many cap raises are under subscribed.
Spq for example has exploration commitments of roughly 8m over the next few years, but well under 1m in cash.
Errawarra has no real cash, and such a low cap, it is impossible for them to do decent meters as 20% increase in share would bring in just 800k which buys just 2,600m of dd.
Raiden has the financial capacity to do around 50,000m of dd before needing money.
Yes it is a painful wait, but at least we do not need to worry about cap raises.
Generally we buy if we see others doing it, as no rush why buy in earnest.
I've added, but no trigger for me to really hit up raiden at the moment.
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