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.
LSR Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held