@rat Cash burn rate ~ $500,000/qtr.End March 30 filing showed Cash $1,758,269
End June 30 filing showed Cash $1,274,000
End Sept 30 filing showed Cash $ 728,000
So 'Burn rate' is about $500,000/qtr.
Year-End is Dec. 31 and last year Financials were published on March 08.
These will be the AUDITED Financials, as per the Rules. (as opposed it unaudited Interim each quarter)
So based on 'today' I would estimate that the tank has enough for another month or so.
The 'Selton' deal could provide $1MM for another 6-8 months.
If required a 2.5 Million share deal $0.40 would do the same.
I'm absolutely certain there is appetite for that.
And 2.5MM shares is less than a 2% add to the float.
That's if Insiders don't take it all just to satisfy dumdum1212's Ask for 'skin' in the game.
(NOT!)
And since you asked...I'm quite happy nesting on my MGRO and GASX over the past 18 months,
and currently quite enjoying the ride in PQE/PQEFF (a Takeover by Viston @ %0.74 CAD/$0.59 USD).
I also continue to add to my NUR and LEM...as well as a few others.
Longer term I believe NXO has the ability to eclipse my 2020-21 trades on PYR, CMC, and RECO. (200-700%)
The 'horse out of left field' may well be RVR.
I'm there too if it is.
And don't ignore AXE, TOH, DME.
VSBY on this pullback also.