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scared little buggars, page-18

  1. Shrewd Crude
    2,764 Posts.
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    19/05/08
    15:41
    Post #: 3734634
    Pmunt,
    Im going off the exact same quarterly report...
    that was cash at bank as at 31st March 2008...
    If you look on the very next page you will see this,

    Estimated cash outflows for next quarter

    4.1 Exploration and evaluation
    35,833,000
    4.2 Development
    -
    Total
    35,833,000
    ....
    Expenditure for drilling this quarter will mop up all cash reserves...
    Infact exploration and evaluation expenditure for this quarter is larger than cash at bank by 200k odd...

    TDO Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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