PRE 0.00% 6.0¢ pacrim energy limited

Ann: Quarterly Activities Report , page-9

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  1. 2,054 Posts.
    hi folks holder since 2005 i haven't posted in a long time as there was nothing to say without getting into an argument and getting moderated /suspended iv written my investment off and there was no point getting frustrated any further .i sold out from one account tens of thousands have being lost and still sitting on other huge loses i was tempted to take whats left but decided to hold off a bit more.
    below is my current interest maybe worth discussing
    re navigator ???
    from the activities announ

    Activities associated with potential strategic acquisitions and project development comprised the major portion of
    management time during the quarter.
    and
    Funding
    Shareholders authorised the directors to place up to $2m in the company’s recent AGM. To date the directors have deferred
    proceeding with a placement pending completion of the Golden Terrace South execution plan and updated resource statement.
    Indications of support have been received from market participants in the event that additional capital is necessary to meet near term
    requirements. The cash position at the end of the quarter stood at approximately $616,000 which the directors consider adequate for
    the purposes of completing current work plans.
 
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