RE:RE:Financialscsk you make sense.
TUD got lucky in that the $3.3 million came in during the quarter frrom option exercises (30 cents) and tax credit refund. No such lifesavers will be forthcoming in the next 8 months left in fiscal year. Only way to raise money is by issuing shares.
Maybe Natalie left cuz she had enough of gettin a significant aomount of comp in the form of options..........that quickly fell deeply out of the money?????
If KK puts out stellar high grade assays and the market reacts allowing him to raise $$$$ at $1.50, ill be the 1st to applaud him!!! Heck, Ill applaud him at $1.25 or higher ($1.40 flow through!!!)
cskhurasu wrote: Consider this on the financials Larry60: No drilling in the quarter ending March 31 but cash dropped nearly a million in the quarter despite $1.6 million in option exercises. So the overhead burn is sucking up the cash. Just $500,000 in exploration expense which is likely all salaries. Maybe some Met work?
You are right about the risk of running this close to the line. But if the results are really good, this strategy could pay off.