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4.65% 4.5¢ eq resources limited

Next cash raising imminent?

  1. treefeed
    1,559 Posts.
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    30/10/15
    12:55
    Post #: 16292052
    With just 0,5M in cash+deposits, planned outflows of 0,5M in Q4 and 0,7M in debt I am wondering how long they can continue like this before the next cash raising is announced. This obvious necessity and a tanking tungsten price ($160/MTU WO3 by now) explain CNQ's plummeting share price much more reasonably than a Chinese outfit that basically went out of business months ago.
    CNQ Price at posting: 4.8¢ Sentiment: Sell Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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