In an article today (Nov. 3) The Market Herald reported,
"In its September quarterly, Red Sky spent $221,000 with the majority going towards administration, corporate and staff costs, and exploration and evaluation. As of September 30, Red Sky had $94,000 in funding available, meaning it could only continue to fund operations for just half a quarter. Because of this, Red Sky said it will rely on its existing cash reserves and future capital raises to fund current and upcoming activities".
As a shareholder I would appreciate a breakdown on the expenditure and how much was spent on administration, corporate and staff costs, compared to exploration and evaluation.
How much of the capital raise will be spent on administration, corporate and staff costs, compared to its core business, and how does ROG define "upcoming activites".
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