RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Q1 Financials / MD&A outmdjbrown wrote:
I am curious as to the cost of this report though, as a million dollars doesnt go very far even with a bare bones operation, and that treasury balance was as of March 31/ 2022, so raising capital will likely be required at some point in the near future to keep the wheels in motion.
Hi Dan, KRN has been signaling for a while that short term funding would be required (and it falls within common sense, working capital is dwindling), and flat out said in latest MD&A they'll issue common equity in Q2. So we can expect to hear news VERY shortly on that front.
I can't look it up right now but as far as I remember they listed 3 different avenues they're considering, one being a private placement.