Doubt so, I hope not.
The cash on hand - $2.3 million
Cash out flow on next quarter - $2.093 million - $1.733 (farm in)= net outflow ~ $360k
They should roughly still have about $1.6-$1.9 million by next quarter.
I'd like to believe that this investor presentation is inline with the PDAC convention happening as they did one last September.
General consensus seems bearish by that 7 million *free options overhang. Rightly so considering they've not produced any substantial results to the existing shareholders.
They had better buck up this year.
Also good to see some info relayed in the presso about Ianna. About time. No drilling on Ianna until September which will give them plenty of time to show the companies worth before requesting funds for that programme.
Agreed with Thunder that the conversion came at the worst of times. Wouldn't have been languishing down here otherwise.
