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.
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