WEC 6.52% 4.3¢ white energy company limited

I have read all quarterlies all the way back to 31/1/2013 and...

  1. 1,451 Posts.
    I have read all quarterlies all the way back to 31/1/2013 and found an interesting pattern:

    31/1/2013

    exploration and evaluation: $75k

    administration: $6,673,000


    30/4/2013

    exploration and evaluation: $79k

    administration: $5,504,000


    31/7/2013

    exploration and evaluation: $49k

    administration: $6,851,000

    The quartile administration costs are massive compared to exploration and evaluation don't you think? Wonder why?

    I'll be placing an order at around 10c, current cash at bank IMO will not last long at this rate IMO

    See you down there!
 
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