In the last quarterly cash flow report Sarg, it was said that cash on hand was $5.5M BUT expected expenditure this quarter was $3.5M. Leaving an expected balance at Junes end of roughly $2M. A balance of $2M is cap raising territory. We have now gone way beyond the day when $2M would see them out for a period of 6 - 12 months. With the amount of drilling yet to be done $2M wont even cover the expenses of 1 quarter.
depth, page-13
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