HDY 0.00% 0.4¢ hardey resources limited

Ann: Update - ASX Enquiry, page-73

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  1. 107 Posts.
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    " The BOD take steps to ensure they maintain adequate liquidity by maintaining adequate cash reserves from funds raised in the market. "


    How's this management plan going to continue working for them ? 


    At current cash burn rates based on historical facts from 5B appendix notices. The company burns roughly $7,011 every calendar day without accounting for exploration and evaluation expenditure.


    That equates to 4.5 days of remaining cash on hand as we move into the new year. redface.png


    Unfortunately the company doesn't even have access to unsecured credit to utilize.  frown.png 


    What's the chances the BOD have been working pro bono for last quarter and subsequent quarters to come ? 


    https://hotcopper.com.au/data/attachments/1392/1392180-c8264c9bef9f632b53737002004e3130.jpg
    https://hotcopper.com.au/data/attachments/1392/1392179-9090bd11cfa80f002da01110cc3fcfb3.jpg


 
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Currently unlisted public company.

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