Post by
camcaper1 on Nov 03, 2015 9:09am
Cash and equivalents drop $40 million in one year
Cash down to 10 mil even after 6 mil private placement
Cash and cash equivalents at September 30, 2015 were $10.4 million after investing $3.3 million on exploration, $0.4 million on sustaining capital, $2.4 million on expansion programs, and $3.5 million on deferred stripping. Also, the Company received $4.0 million of its VAT receivable in cash during Q3 2015. Cash and cash equivalents at September 30, 2014 were $50.2 million
The Company's cash position of $10.4 million at September 30, 2015 improved in October 2015 by a C$6.0 million private placement
Comment by
intowin on Nov 03, 2015 9:17am
No. 10mil at end of Sept. Now 16mil the way I read it.
Comment by
Goldhound3 on Nov 03, 2015 9:20am
Share holders better hope gold gets back above 1300 before mid 2016 or were going to all be in very back shape.. By the time they get Ana Paula up and running there will be a half billion shares out as they will need to do more financing..