certainly not that announcement, what was the point of it? market sensitive?....i dont think so
if anything it was negative, most people would have thought there would be more than $16m in the bank
Cash at Dec $14.4m
Coal settlement $4.1m
Interest $0.2m
estimated spend ($0.9m)
Total $17.8m
where did the other $1-2m go, MDs relocation allowance?
most juniors could survive off that for a year (incl drilling)
certainly not that announcement, what was the point of it?...
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