SGQ 0.00% 2.5¢ st george mining limited

SGQ in 2020, page-7

  1. 923 Posts.
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    Sorry, a bit of a touchy subject but how long do we expect the cash to last before the next CR ?

    The quarterly cashflow report says we had 2.3m$ cash at the 31/09/19.
    5.8m$ raised during the october CR, which gives us 8.1m$ total.

    The report estimates 1.2m$ cash outflow for the quarter ending 31/12/19. (Q1 outflow was 4.3m$)
    That would give us 6.9m$ at the 31/12/19.
    Any expected impact from the firebans ?

    What cash outflow can we expect next quarter with multiple rigs on site ? 3m$ a quarter ? Next CR in may/june ? Or do we expect a strategic partnership or something else before that ?

    We talk a lot about the exploration side which is obviously interesting but I'm also curious what people expect/want to happen on the corporate side of things.

    Happy new year to all holders.
 
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