maybe question it now. CBE signed a deal with BHP and within the...

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Sunrayta

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15/04/25

13:09

Post #: 78696639
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Originally posted by Lorderyall: ↑

@Haydos123. Happy to be corrected, but I thought it was clear that a significantly large percentage of KRM costs are being expensed via the BHP programme. Costs (including 100% of the related corporate admin costs) are covered under the program.

Look at the net cash YOY position. Net cash drain appears to only be $175k net YoY. However I am not an accounting expert and I am not the best at reading a balance sheet so as I said, happy to be proven wrong. But please use holistic facts, not just cherry-pick line items from the financials.

This page (page 21 from the financials published last month) is my fair reference:

Now, if we are spending $4m a year, because we can, because it is all covered, then fine. But if the sponsorship stops and we are still spending $4m a year, then sure, let's question it.....!

Anyway, this is all healthy discussion and I guess we'll be getting a quarterly financial report by month end so we can assess accordingly......

Have a good weekend all.

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maybe question it now. CBE signed a deal with BHP and within the month are drilling their project for which the proposed to BHP through BHP explor. The rights to earn in with BHP for CBE aren’t as good as the deal KRM did. But we are in year 2 essentially with BHP. CBE is already drilling. It’s snail like and I want to swear at the top of my lungs.

KRM Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
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maybe question it now. CBE signed a deal with BHP and within the...

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