Hmm. A quick look at the cash flow shows that, excluding the income from production this Qrt, they will have only $2 million in cash.
While I think management are better than most, how are they going to keep above water without another raising? Surely they need to have a decent cash buffer if they want to keep exploring etc.
I always keep a watch on PXG. If gold ever heads straight up, I will def jump in, but otherwise. Its just treading water IMHO.
PXG Price at posting:
9.0¢ Sentiment: Hold Disclosure: Not Held