As shareholders we can never be sure what all managements forward plans are and therefore required funding needs.
As a positive in qtr 3 cash on hand rose 465k. Continued processing to mid/ end may of UML tailings I would assume would maintain current cash levels this qtr.
If you read A1 Golds last presentation page 15 ore mining has commenced, transport of ore for processing in May and processing planned to start in June. This should provide a seamless income stream going forward. Ors will be paid a processing fee plus 10% of the gold so with the lower price of gold shouldn't affect ors as much as per the UML 50% gold split.
Finally Wehla looks to progressing well by the last weeks updated presentation photo. Looks like a cheap operation with very minimal small earthmoving equipment.
Time will tell but IMO management have done a good job to date and seem to have a good forward plan.
Wassa.
ORS Price at posting:
8.9¢ Sentiment: None Disclosure: Held
