PXG 0.00% 15.0¢ phoenix gold limited

Hmm. A quick look at the cash flow shows that, excluding the...

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  1. 7,303 Posts.
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    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.
 
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