GREY:GUYFF - Post by User
Comment by
cheerio7on Jul 28, 2019 1:08pm
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Post# 29968233
RE:RE:guy
RE:RE:guy Some funding measure may be taken as per following:
Balance Sheet
The Company's balance sheet remains strong with an unaudited cash balance of approximately US$38.9 million at June 30, 2019 and no outstanding debt. Management believes the Company has sufficient cashflow to fund its working capital and underground capex requirements, however, the Company is reviewing various debt facility alternatives to provide operational flexibility and mitigate risk of any potential cost overruns related to the underground development.
Read more at https://stockhouse.com/news/press-releases/2019/07/11/guyana-goldfields-inc-announces-second-quarter-2019-operating-results-on-track#pEmSAobwxFMOuyhx.99