RE:RE:SokomanAlwaysLong683 wrote: According to SIC's website, the company had $7.5M cash in January 2023.
The latest financial statements indicate SIC had $6M in cash as at March 31, 2023.
Wonder how much cash they have left now (end of May) and when will they have to do another equity raise...?
Given their supposed ramp up in drilling I'd say around $4M or less. They'll have to do a raise by fall for sure. Given Tim's laid back attitude, absence of strong drilling results, and poor communication/transparency, I'd say we're going much lower over the summer months. Maybe a raise priced in pennies as we trend that way.