BBX 0.00% 24.0¢ bbx minerals limited

Ann: Quarterly Activities and Cashflow Reports March 2018, page-16

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 11,185 Posts.
    lightbulb Created with Sketch. 2609
    I think the reason they have forecast such low levels of cash out flows for the next quarter is more to do with trying not to attract attention to their current low cash position of $144k.

    Can you or anyone else tell me where the pilot plant is located, how complete it is, what capacity it will have to treat ore and what the cost of mining and transporting that ore to the plant will be?

    It obvious that $160k doesn't progress very much work when it comes to any form of mining, even small scale trial mining, even in partnership with the suppliers of the pilot plant.

    When is some real money going to come in and back this project? Where are Drake? Sporadic option conversions that stop the wheels from completely seizing up aren't taking this project to the next level. The market, if you could call it a market given the low liquidity, has stopped buying the metallurgical results. It's either not believing them point blank or needs the kicker, ie real details of the reagent and energy consumption (costs) or proof of a profitable pilot plant generating positive and significant cash flow. Esh
 
watchlist Created with Sketch. Add BBX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.