ALY 0.00% 0.7¢ alchemy resources limited

Ann: Quarterly Cashflow Report , page-2

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  1. 3,010 Posts.
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    more cash than i had estimated they had left and the drilling grant has largely covered the exploration costs for the quarter.

    for those concerned management are milking the company's cash reserves to the detriment of shareholders - the admin costs look about right for a company of this size compared to others. certainly not over the top IMO.

    lets hope they can hit something the market likes more than the last round (which as others have pointed out weren't that bad - reasonable grades at shallow depth).
 
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