Have a look at the recent quarterly cash flow announcements and you get an idea.
In the 2009 full year (Reported July 2009) there was $16.9M spent on exploration along with $7M for administrative expenses. In the 2010 year to date (April report) we see that $6.7M has been spent on exploration along with $3.85 on administrative expenses.
From what I can see it takes $1 of adminstration to spend $2 on exploration. There seems to be a serious leakage problem.
The other issue I have is that GWR has lent FAS approximately $2M as reported in June 2009 Annual Report, which was supposed to be recouped in the following 12 months. The March quarter cash flow shows only repayments of$300K for the year to date. And now there is a share issue to raise funds for working capital? What am I missing here?
where has all the money gone?, page-6
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Last
7.8¢ |
Change
-0.003(3.70%) |
Mkt cap ! $25.05M | |||
| Open | High | Low | Value | Volume |
| 7.8¢ | 7.8¢ | 7.7¢ | $25.71K | 329.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 235249 | 7.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.1¢ | 101252 | 1 |
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| Last trade - 15.59pm 23/08/2024 (20 minute delay) ? |
| GWR (ASX) Chart |