ADV's next quarterly report is due at the start of August. In the previous quarterly from 28th April, 2017 we saw:
1.9 Net cash from / (used in) operating activities ($596,000)
5.5 Cash and cash equivalents at end of quarter $1,711,000
Let's assume a cash burn to ($700,000) for this quarter, up approx 17.5% from last quarter as a result of increases in exploration and evaluation activities at Seymour Lake and other tenements.
Add to this $600,000 from T20 raising and lets have a stab and say this week's CR will raise in the range of $750,000-$1,000,000.
Coming into August we should see Cash and cash equivalents in the range of $2,361,000-$2,611,000.
ADV's next quarterly report is due at the start of August. In...
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