TSXV:MRS.H - Post by User
Post by
ScarletSpideron Oct 19, 2021 9:55am
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Post# 34021987
Folks providing cash and cash equivalents
Folks providing cash and cash equivalents
is what I think it is the amounts of capital which companies have on hand and can be used to sustain operations nobody really has to worry about a financing for some time. Vern you have to cool the jets on this. As of the last quarter reporting the company had 4.6 million plus. When I called ir last week almost half way into October I was told there is 4.1 million on hand. Now let's do simple math you have all of July August and September plus nearly half of October from that time. Roughly $500,000 burnt. If I take on 3 months rate that is about 165,000 a month burn so for the year even if you round unfavorably again...I excluded 10 days to get my $165,000 average it would be less and now I will round to $200,000 up unfavorably for ease of calculation you have nearly 2 years of monies if nothing is done which is not possible but just saying with the chance of 0 contracts not at all likely. Bottom line there is way more cash on hand to worry about financing and when contracts come. The burn is minimal comparative to cash on hand.