Financials outNothing too surprising. Spent nothing in Spain(14000. I think) Waiting for drilling permits. Good part. Pretty much no debt. Cash burn reducing every quarter. Still have almost a million shares of Enviroleach if money needed. For anyone wondering why management has not bought any shares, they are sitting on 21 million options at .11 cents, which if I remember right start expiring in 2020.
There are no warrants left. All have been exercised or expired. May be a blessing that the .26 cent warrants expired, if this thing actually works, COMMERCIALLY. All in all, I feel they are being very prudent on their spend, and they are not in a bad financial position for the near term, for a .10 cent stock. I think that if this whole story gains traction in the coming months, they will probably butter some bread with a raise, with warrants attached to get some investors pumping a little. The float of over 300 million shares, is not a worry in my books as it may not see incredible gains daily like an illiquid stock but , on the flip side, liquidity will make for great volume, and big players able to get in to ride this horse. imho