KPR 0.00% 4.0¢ kupang resources ltd

still sliding down, page-40

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    Cash at end of June - $14.88m
    Cash spend July/Sep - $5.5m (committment to resource JV).
    Cash balance therefore $9.38m less $8.38m (ILP settlement).

    That leaves $1m as at end of Sept but with no allowance for other costs (e.g. admin, on going legals for Grimaldi etc).

    Will need to do a raise of some sort or soon will be trading insolvent.

    Not sure about the asset in Kupang. Would have been easier to grab a local WA gold asset - plenty of good ones still around. Too late.
 
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Currently unlisted public company.

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