LSR 0.00% 0.1¢ lodestar minerals limited

Interesting, exploration costs for the Jun- Sept qtr were $441k...

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  1. 956 Posts.
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    Interesting, exploration costs for the Jun- Sept qtr were $441k and for the Oct - Dec qtr they double to $815k. There must still be alot of drilling going on in October and November???

    With cash outflows of $958k forecast this qtr one thing for sure unfortunately is that a CR looks very likely. The alternative, which I would much prefer, is that there is a big pump on these drill results by MacEquities to get the SP over 5c so the 20m unlisted advisory options @5c with an expiry of 31/12/18 they have gets in the money so they can exercise them before expiry and this would bring another $1m cash into the kitty. Could be an interesting qtr, not only with drill assay results due, but also to see which way it goes in regard to getting cash.
 
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