RE:RE:Mike Kachanovsky: A deal in the making ?There better be one. A deal is allready getting priced in. I searched the company's MD+A for its cash position. I couldn't find anything other than----Since Nov 1 2017 co raised Gross $2.8 mil----of this $500K was used for work on properties and $2.3 mil for general working capital (money raised=money spent).
How much money does the company have? The Annual Financial Statement said as of Oct 31 /19 the company had a WK defciency of $5,629, with a cash position of $243K. With a burn rate of about $100K a month----this money is gone.
If a deal is in the works and the company announces it at the PDAC its SP will do well. If no deal, not so well.