PNM Appendix 5B @ 31 March 22 had cash on hand of $2.185m with a forecasted spend of $1.454m for the June Quarter. So that leaves $731,000. That won't buy much in the September Q. Cap raise, debt? PNM says it can turn off the spending. Can't imagine that will go down well with the SI Government.
Any slippage on milestones announced in the March Q will simply add to the current risks of investing in Solomon Islands. Last equity raise was at 10c, 25% above current shareprice.
Just my observations. Never investment advice. DYOR.
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