As of 01/07/2012 Redstones net cash position was negative to the tune of $ 217,000.00
As of 01/10/2012 Redstone had a very small amount of cash but did not disclose liabilities.
With a cash burn of $ 130-150,000.00/mth.it was urgent to raise money through Argonaut.
Raising $ 2 mill.less fee to Argonaut will keep Redstone afloat till apprx.01/07/2013 with very little drilling done due to seasonal factors leaving only money to pay f.overhead
and salaries.
Do the calculation yourself:
12 x $ 140,000.00 = 1.68 mill.
neg.cash position 0.217 --
Argonaut fee ? 0.100 --
others 0.003 --
GT 2.000 --
leaving not much f.exploration !
This company is fighting,as many others,for survival.
With no professional on board it looks like a loosing battle.
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.701M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $1.6K | 400K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 11140138 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 3700000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 11140138 | 0.004 |
19 | 69237686 | 0.003 |
5 | 3895025 | 0.002 |
7 | 7300000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 3700000 | 3 |
0.006 | 1533346 | 5 |
0.007 | 2095230 | 7 |
0.008 | 1621100 | 4 |
0.009 | 2186333 | 5 |
Last trade - 11.34am 09/08/2024 (20 minute delay) ? |
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