MOL 0.00% 6.9¢ moly mines limited

Moly had >$49m cash at the end of March, but this is what caught...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. asf
    9,888 Posts.
    Moly had >$49m cash at the end of March, but this is what caught my eye (sorry if it;'s been discussed before):

    Estimated cash outflows for next quarter $A’000
    4.1 Exploration and evaluation -
    4.2 Development 1,028
    4.3 Production 28,652
    4.4 Administration 3,643

    Total 26,932

    $27m outgoing for this Quarter? How is this possible?
 
watchlist Created with Sketch. Add MOL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.