ok so what am I missing?
• rights issue to raise $5.042m less rights issues costs of $320k = $4.672m
• cash on hand as at end of quarter $1.7m
• budgeted for $2.7m expenditure in next quarter
• quarterlies indicate that $3.025m less costs of $177k = $2.848m has been received to end of the quarter
• leaves a balance of $1.824m left to collect on the rights issue
• cash $1.7m plus balance rights issue $1.82m = $3.524m approx.
• $3.524m - budgeted expenses $2.7m = $824k left at end of June 2016 qtr (but that does not include sale of other assets, so that income may also come in). Also does not include any net income from trading/gold sales.
so it will be interesting to see how this pans out in the next few months.
obviously am hoping all goes well as a SH as would like to see SP increase. However (at the risk of being seen as a downramper) am not getting carried away as from where I see it still plenty to do to get there and if theres another quarter like the last in respect of cash in/out from trading operations then there could be issues in the foreseeable future - just look at todays quarterly and take out the cash received for the CR and that tells a story in itself IMO.
can't explain the increase in SP but obviously hope that it not only holds but keeps increasing - but the sceptic in me is concerned of a P&D for the new shares!. all IMO so DYOR.
KDR Price at posting:
9.8¢ Sentiment: None Disclosure: Held
