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Ann: Redmoor 2018 Resource Update, page-150

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  1. 8,981 Posts.
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    Just on looking at the recent Qrtly, they have $530,000K on hand, are anticipating $274,000 outflows for the next quarter.... so roughly half... so we'd have 2 quarters before we'd be on the bread line. I'd assume a lot of news prior to needing to raise so it should be at a much higher SP. However, if you look at the market cap we could handle a fair bit of dilution before it became a problem. I'd probably welcome some more dilution as it would put a bit of liquidity into the SP... if I wanted to buy 200K worth right now I'd line wipe all the way up to 1.7c. which makes it hard for anyone to take big bites. So a smidge of liquidity might do us some good.

    Not saying I want giant walls built up but it might be better to be able to do a bit of volume without re-rating the entire company its a balancing act.

    Besides I never know why people get wierded out by CRs. that's the name of the game in this end of the town, imo.
    Last edited by blister: 30/04/18
 
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