AQJ
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0.00% 20.0¢ aus asia minerals limited

But you've got to admire their budgeting skills! They had $12k...

  1. IronCondor
    135 Posts.
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    07/06/11
    06:57
    Post #: 8505749
    But you've got to admire their budgeting skills! They had $12k in the bank at the end of March and they still haven't tried to raise any money. Considering that their burn rate was $88k/quarter, this means that:
    a) They are getting royalty money.
    b) They've got an overdraft (who would give them one?)
    c) The business can be pared down to run on pocket change.

    Personally, I'm hoping for a)!

    IC
    AQJ Price at posting: 4.1¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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