AUZ 7.69% 1.2¢ australian mines limited

AUZ - chart, page-4361

  1. 635 Posts.
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    According to the last Appendix 5B, at 31 Dec 2018 AUZ had (say) $600k in the bank and a projected spend for the next qtr of (say) $2mil. Since then they have raised $5mil. Projected cash at 31 March 2019 is therefore @ $3.6mil. At the same spend rate of @$2mil per qtr they will get to 30 June 2019 with about $1.6mil - not enough to get to 30 Sept 2019 without finding "new" cash. Just thought I'd let you know.
 
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AUZ (ASX) Chart
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