" 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.
Unfortunately the company doesn't even have access to unsecured credit to utilize.
What's the chances the BOD have been working pro bono for last quarter and subsequent quarters to come ?