Post by
ecanadian2 on Oct 25, 2022 12:58am
what is their burn rate? already so low on cash that had to
do financing at only $0.15 per share??
End of 2021 they raised $3.6 million at $0.64/share and $2.5 million at $0.35/share for a total of $6 million. As of May 2022 they still had $2.3 million in cash.
Are they already so desparate and low on cash that they had to raise money at $0.15/share?
If drilling results are good why not wait and do financing at a higher price?
Any comments?