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Jard77

770 Posts.

18

30/08/18

15:39

Post #: 35299868
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Originally posted by Crom Valen ↑

Nothing like the spectre of a CR to keep an sp down in the dumps.

Zero talk or expectation of a CR. They have been touting the cash in the bank, and after 2018 drilling is done there should still be at least a few million in the bank.
I am thinking that the resource update will be released tomorrow, then we will see how many oppies get exercised as that is another line of funding, and we also have the Janet Ivy royalties.
What I am saying is we will not be short of a buck leading up to going mining again at Goongarrie Lady.
The company has declared that the aim is to be self-funding and not live from CR to CR like other co's, and at the moment the bank balance suggests the strategy is playing out as per their plan.

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Agree Crom!

8mil in cash with 1.9mil spend this quarter as per Last quarter financials.

IRC Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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