CSE copper strike limited
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The accounts just out verify what I was thinking, that cash burn...

  1. dealer64
    740 Posts.
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    23/04/12
    13:16
    Post #: 10021356
    The accounts just out verify what I was thinking, that cash burn is very small: 200k per quarter.

    $2.9m in the bank with a cash burn of 200k per quarter and any deal probably being financed by intercompany share swap, means no requirement for capital for some time.

    Add all the above to the 9.57% of SYR owned and you get a very nice picture.
    CSE Price at posting: 13.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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