Liquidity and Funding The group has cash resources of $99,994 at 31 December 2010, together with available-for-sale investments with a fair value of $554,112 and current receivables of $2,150,487. The Company has a further $800,000 in uncalled capital on partly paid shares. The Company has sufficient cash resources for the group to finance its current operations.
I was quite sure that a CR would ocur at 0.005, but in there report they seem to say they have enough money to finish operations. May be a good time to get in now, 0.006/0.005 would be a good entry point as a good ann may send this above 1c again.
Good Luck all..
James
AEX Price at posting:
6.0¢ Sentiment: ST Buy Disclosure: Not Held
