Hi Guys
New to aqd just taking a position last few weeks.
The potential looks great with all that JV drilling that's happening in such a prospective area.
Have a few questions regarding cash flow that I would appreciate a bit of feedback on.
I see from the quarterly 31-3-16 that the company had a cash balance of 1026K with a projected spend of 520K for this quarter. This will leave about one quarter's worth of expenses left at the end of this month.
I see aqd receive periodic funds from the JV partners from the Feb 15 announcement as part of the jv agreement.
Will aqd receive enough funds to continue operations without doing a capital raising in the very near future?
Thanks in advance
Tradealot
Hi Guys New to aqd just taking a position last few weeks. The...
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Mkt cap ! $8.251M | |||
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