ANW Quarterly: $91k cash in the bank, $62k debt to be paid next month Yeah I reckon they'll need to raise some capital pretty soon... This isn't a surprise though, once we'd learned the revenue from the tin project was delayed. Supposedly that's back on track now:
"The initial shipment of tin concentrate from the Granville Tin Project is expected to be completed in the June 2017 Quarter, and it is anticipated this will generate sufficient cash flows to fund the project going forward."
We'll see. Forecast cash burn is only $350k, so the raise should be quite small. They're doing further work at Mt Cobalt too. I hold a small MT parcel but will try to pick up some CR cheapies for a trading parcel. Could be a good earner from here if they become CFP around the same time we get another leg out of the cobalt stocks.
Yeah I reckon they'll need to raise some capital pretty soon... This isn't a surprise though, once we'd learned the revenue from the tin project was delayed. Supposedly that's back on track now:
