Watso
If you bothered to read the quarterly properly you would know that what you are saying is not correct.
The exploration budget for this qtr is $200k and if admin expenses stay the same as last qtr then total cash out flow will be about $359k. Thats a long way short of $600k.
Also their loan funds are only $148k not $500.
With the issue of the CAZ shares and the cash payment they will have about $500k in the bank and the 2.37 million CAZ shares valued at about $600k and the money from the recent placement of $340k.
So nearly $1 million in the bank, 2.37 million CAZ share and a heap of tenaments currently being explored.
Suddenly doesnt sound as bad as Watso you to believe.
Todays buying was quite strong and has been good all of last week also.
running again - up 16.67%, page-4
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Last
28.5¢ |
Change
-0.010(3.39%) |
Mkt cap ! $37.65M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 28.5¢ | $9.861K | 33.16K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6521 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 25000 | 1 |
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| Last trade - 14.34pm 17/07/2024 (20 minute delay) ? |
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