HDY 0.00% 0.4¢ hardey resources limited

collective proposal to asx, page-16

  1. 2,132 Posts.
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    Well  there you go.  Not as bad as all the doomsayers have stated.   $166,000 left in the kitty ( which is more than VIC ).     

    With $410 expected in the 1st Qtr outflows - I do see this statement as somewhat positive to the ' going concern ' aspect of HDY.    Here's hoping we can satisfy the ASX with some remediation measures and get back up and trading soon.

    *The Company notes that cash is running critically low, and it will need to raise capital pursuant to its placementcapacity, or secure a debt funding arrangement during the quarter
 
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Currently unlisted public company.

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