According to the previous Qtrly there should be around $2.5m in cash at the end of March.
Am I reading correctly that should OZL exit now they are required to pay IVR the balance of the $1.4m stage 1 expenditure commitment in cash.
I assume the full $1.4m has not been expensed considering only 2 holes were drilled.
So either we will be flushed with cash or OZL will complete Stage 1 and decide whether to progress to Stage 2.
Either way we are well placed to move forward with or without Maslins. And with the POS looking to break out I still buying at these levels.
It aint over till the fat lady sings and she hasn't even entered the building yet......(hopefully she's self quarantined)
According to the previous Qtrly there should be around $2.5m in...
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Last
4.2¢ |
Change
0.001(2.44%) |
Mkt cap ! $66.73M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.3¢ | 4.2¢ | $81.39K | 1.904M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1202327 | 4.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.3¢ | 155341 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| IVR (ASX) Chart |