MZI 0.00% 1.6¢ mzi resources ltd

terrible quarterly...

  1. 3,640 Posts.
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    From the quarterly total forecast expenditure this quarter is $3.63M of which $1.6M is for Administration with total cash on hand ~$3M.

    So unless there is significant change in margins and a significant profit occurs it is likely there will be another capital raising this quarter.

    Does anyone have a breakdown of the $1.6M Administration for the 1/4 which is ~150K per week or 30K per business day if you like?

    What a terrible quarterly and it appears Administration is milking this one.


 
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