SHD 0.00% 2.7¢ sherwin iron limited

SP down significantly again today. Key problem that I see is the...

  1. 798 Posts.
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    SP down significantly again today. Key problem that I see is the budgeted cash outflow for the December Q exceeding available funds. Assuming cash on hand + available funding line + assumed revenue from 2nd tranch of ore are fully utilised I cannot see how this could cover the stated exploration cost + admin costs for the next quarter without CR or further borrowings. Still rate a long term buy given quality of resource and IO price.
 
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