CAZ 0.00% 1.3¢ cazaly resources limited

Ann: Annual Report 30 June 2018, page-24

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  1. 198 Posts.
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    Amazon8 i suggest you go back and look at the quarterly properly as you have either clearly misunderstood it or are blatantly trying to downramp for your own personal gain.

    The 661k spend was the previous quarter not the current one we are in. Also cash at the end of the quarter was 894k and the coming quarter the estimated spend is 450k. So at the end of December Caz will have 444k in the bank and won't need to raise until March or April of 2019.

    I must also advise you to go back and read all the announcements especially in relation to the Mt Venn gold transaction which is due around mid January because if Sulphide X proceed to list on the asz Cax will receive an upfront payment of 1 million dollars plus 5% of shares in the new company plus 2x500k payments down the track on 500 ounce and 1 million ounce jorc resources plus a 1.5% nsr on all gold production.

    I must also add that it is next door to Gold roads Gor 6 million ounce deposit, so if the transaction doesn't proceed definetly great land to be 100% in control of.

    Please get all your facts right before you come on the caz thread spruiking incorrect nonsense.
    Last edited by Melos: 10/11/18
 
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