Well let’s compare. For Vango Mining, a junior explorer in this market, it is not uncommon to sometimes have low cash level during a particular quarter. It doesn’t mean it can’t fulfilled its outgoing obligations. However, for Billabong Gold, a producing mine with hundred of employees and contractors, to consistently having a cash position that barely covers its current liability, is scarily low and that’s probably why they chose the HOA over BTS. As the HOA still give them a way out.
VAN Price at posting:
3.4¢ Sentiment: Hold Disclosure: Held
