ALY 0.00% 0.7¢ alchemy resources limited

Do they need money soon? $857k in bank 31/12. March Q budget...

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  1. 11,557 Posts.
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    Do they need money soon?

    $857k in bank 31/12.

    March Q budget $250k of which $150k is exploration.

    I expect > $250k though because of the diamond drilling happening - not cheap as we know - but there should still be enough money to last til say end of June although that may all change drilling starts at Karonie by start of July.

    I think that the Pres'n is principally to show brokers so as to let them know that ALY is not dead; instead alive and well and now active in its own right.

    Maybe a CR in a few months' time when $$$ will be needed and hopefully the SP will be higher.
 
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