SAR saracen mineral holdings limited

Take a look at their cash position. 6 months ago they had $56M...

  1. 2 Posts.
    Take a look at their cash position. 6 months ago they had $56M cash now they have $20M. Also in the last 6 months they have had $89M in revenue. If this burn rate keeps up ($125M in 6 months) they will need a capital raising to keep going.

    Over the last 6 months they have produced 57,031oz of gold. This gives an overall cost of $2192 per oz.

    Something has to change.
 
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Currently unlisted public company.

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