at the end of September we had 1.3m in the bank, 6 months further down the line we have around 600k in the bank,
the thing i don't get is we have burnt through 900k in the half year from September 2013 upto march 2014,
since march we have done phase 1 drilling at itogen with surface and trenching, and also some further 100 samples at slm is due to come back, and also add in the staff wages,
now the question i am asking is how much money are we gonna have left, surely the 600k must be close to being spent, meaning we need some more money,
with the rns today and mga rns a few days ago i think that pj and sc had hoped we would be sitting in the 0.3-0.4p where a dilution would not be a bad thing to carry on development of assets, with money coming out i cant see how we are going to afford phase 2 drilling what we have in the account in march
PJ and SC have done a good job turning the company around from the brink back in july, but i think after the sell off today i think a cash call cant be too far away
my break even is still way off, the last thing i want is a dilution here and us falling back below 0.2p, i just dont know what to do here to this eyesore in my investment?
anyone have any ideas where we go now and what we do, the only thing we need that can turn this around is how we could make use of mga,
I just dont want to be overexposed like the holders in THR, ORE, ACP, where they have fallen from 0.3p to 0.1p and are stuck there
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