Cash???TUD had $7 million of cash on Dec 31 after their fall raise. In the last fully reported fiscal year, they burned about $30 million in cash including 5 or 6 million in overhead.
2024 program is the leanest its been in years, but camp and the 2 drill still cost $$$$. Growing overhead also costs $$$$$.
I cant see how they have more than a few bucks left in the till????? We wont get March year end numbers until late August!!!! So even then we'll be 5 months behind the truth on working capital!!!!
I would venture to guess $4 to $5 million in cash as of March 31 as likley pushin out payables to weather the storm. But I cant see how the Juner 30 amount will be more than $1 million or so........and by September working capital should be wildly negative unless they do a raise!
I did see TUD add on stockwatch today............the IR team hard at work!
all imho