BIG burrendong minerals limited - withdrawn

rau's new material, page-4

Currently unlisted. Proposed listing date: WITHDRAWN
  1. 322 Posts.
    Well, it turned out to be the expected disappointment I predicted earlier. Just more cash raised to keep the business alive. At this stage it is used for preparation of a pretty exciting project so i don't mind too much.
    It becomes increasingly obvious that if Amayapampa doesn't eventuate for whatever reason, RAU is virtually done with. This is well reflected in the amount of predicted expenditure over the next quater.
    They got a year now to get themselves into a position to get RAUOA over the line. At some stage they need to show results as the number of shares on issue is starting to reach the ridiculous bracket.
    There is still a bucketload of cash needed to get Amayapampa off the ground which will all have an impact on the bottom line. We need a realistic earnings per share to get that sp moving north...it doesn't just happen on the back of good news stories.
 
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Currently unlisted public company.

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