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5.9¢ galena mining limited

Perhaps I have either misread the Accounts and statement. Yes,...

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WayneEnterprises

566 Posts.

119

14/03/19

18:50

Post #: 37766012
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Originally posted by BobbyKennedy: ↑

Unlikely we’ll need a CR. We had $3.2m at end December. Outgoing for March qtr are forecast at $1.2m which would leave $2m to get us across the line with Toho or until June (whichever comes first). In any case, the deal is expected to close in April with the first tranche to be paid which will immediately mitigate any cashflow risks.

If the deal does fall through, there’ll be an absolute hammering and a CR will be the last of people’s concerns. Nothing is certain in this world - including Toho, so people should have a think about what a failure would mean to them.

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Perhaps I have either misread the Accounts and statement. Yes, there is $3.2m at Dec18. Where is the net loss that is being reported?

G1A Price at posting: 36.5¢ Sentiment: Buy Disclosure: Held
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