just a question as ive been looking at the funding position of the company.
at 31 dec there was $200k cash and payables of $489k
in march $119k was raised
in april $700k was raised
therefore total cash = $200k + $119k + $700k = $1,019,000
however after paying the bills of $489k there is only cash of $530k
then for all those raising there would have been broking fees/legal fees etc.
i note that the recent meeting approved the issue of 100M shares at a point in time so i assume a raising must be around the corner as surely this drilling program costs at least $300k?
anyway would be interested in some other views as whilst geology looks could im mindful of the lack of funding
MNQ Price at posting:
3.0¢ Sentiment: None Disclosure: Not Held
