re: Ann: JORC Resource Update for Tsant Uul C...
The market is always concerned that small companies transitioning to production will not have enough cash to see them through to positive cash flow.
HUN had $75 mil after the last cap raise which knocked down the SP. There is obviously alot of infrastructure & equipment needed over the next year. The co has announced its intention to buy trucks & an excavator & rail extention work.
The company now needs to announce whether it has enough cash to see it through this stage of development. Otherwise investors may stay on the sideline awaiting another cap raise.
Cheers Moorookamick
HUN Price at posting:
$1.43 Sentiment: None Disclosure: Not Held
