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Thanks colcom. Given that the latest placement was only just...

  1. practisingaccountant
    9,376 Posts.
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    27/07/11
    22:13
    Post #: 8736385
    Thanks colcom. Given that the latest placement was only just conducted, I expect them to be able to run on for some time before rattling the tin again. At the beginning of the quarter they only had 215k in the tank (that probably fits your oily rag description) and finished it with 3.6m. Mind you I just got in today and have no clue about what the next activities may be and how much more coin they may need. Next quarter's forecast expenditure is 1.05m which is comfortably covered from the existing cash balance on hand.
    AUK Price at posting: 43.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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