The latest quarterly cashflow statement is interesting.
$5m spent last quarter, and $25m cash is left - so at the current rate of expenditure funds will be used up in mid 2014. I suppose they have a plan in case things do not work out to reduce their expenditure rate.
Currently cash backing per share is 10 cents.
Interestingly some generous soul/s exercised 700,000 60 cent options in October 2012 when the share price was over 60 cents. I wonder if they later sold the shares on the downhill slide?
We goldiebugs need gold to go back up above USD1600, or for the AUD to fall back to 80cents in terms of USD1.
loki
AMX Price at posting:
20.5¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)