correction... at the end of March they had $1,496,000 cash on...

correction...

at the end of March they had $1,496,000 cash on hand, with $2,000,000 funding available (convertible note)

so in total there was $3,496,000 available going forward as of the beginning of April

Due to Covid-19 operations ceased, however as per recent announcement:

Operations will be allowed to re-open from 1 June 2020, with the period from 18 May to 31 May to be used to implement changes to protocols and procedures to ensure workplace safety. The resumption of activities is conditional upon approval by the Ministry of Health of each company’s new safety measures and may be subject to further Government orders as the COVID-19 pandemic develops. Under these guidelines, Azure is designing and implementing strict health, safety and hygiene standards, both at the Company’s office in Hermosillo and in the field, to minimise infection risks amongst its employees, contractors and members of local communities. Meanwhile, the Company has used the past two months of isolation policies undertaking detailed data analysis and interpretation to evaluate and prioritise targets for further testing. Resumption of field exploration will follow up silver, gold and copper targets identified in the most recent drilling campaign (ASX: 23 March 2020) on the Company’s 100%-owned Alacrán Project. Major priorities include: • Mina San Simon where drilling near old mine workings returned 21m @ 2.0g/t Au & 64g/t Ag; • the exciting new Gregors copper discovery where drilling intersected significant quantities of chalcopyrite (copper sulphide) mineralisation, returning:  GGC-002: 30m @ 0.68% Cu from 22.5m; including 6.0m @ 2.30% Cu  GGC-003: 18m @ 0.96% Cu from 21.0m; including 1.5m @ 7.03% Cu The Company will keep the market informed of progress towards resuming exploration activities.

So in true fact due to the halt in operations, all expenditures and outgoing predictions bare no accuracy..

Currently we will be back to drilling and who knows what else...

the $79K statement is dumb on my behalf... I read it wrong myself... It actually doesn't even make sense why the ASX requests to divide the cash on hand with the previous outgoings...(Item 8.6 divided by Item 8.3) ($790?)

where we really stand... we should have enough cash on hand to get us through this current QTR.... then we have a $2 million finance facility via convertible note available...

In the mean time holders can live in hope that they sell some of the goods from Oposura to pay our way forward... The other potential here is that the current drilling will add substantial value to our resources and some one will take over or JV with us to get these goods out of the ground... fact: Alacran alone is worth multi multi millions even after CapEx and OpEx... eventually something has to give here...

the trading and the volumes are a joke here... if there were something game changing to come our way, the SP would spike hard and fast due to the sell down to these levels has been done in small volumes...