Post by
Larry60 on May 13, 2024 2:21pm
Cash position
At Dec 31, cash position was around $7 million (post financing).
Overhead burn is around $900k a quarter...lets call it $1M. So by end of June we are looking at $5M of cash left before gettin to exploration expenses.
I would venture to guess that the $5M left will also be gone............deposits for drilling, helicopters, hotels, consultants,..............you name it.
To give you some context, LAST YEAR TUD spent $25 million on exploration & development. $25 million!!!!!!
To match last years program $$$ wise, would need to raise.............$25 million!!!!!!!!!!!!!!!!
At current share price, would need to INCREASE SHARE COUNT by 15%!!!! 22.5% if you include warrants!!!!!!!!!!!!!!!!!!!!
RIP THE BANDAID OFF ALREADY!!!
Comment by
cskhurasu on May 13, 2024 5:43pm
Too many facts Larry60. Understanding the financial situation at TUD is critical to deciding whether to invest. It's not just a question of dilution. Can they raise the money? Critical minerals get an extra flow through tax deduction bonus so that could help but have past flow through players been able to make money? And will Eric pony up again?
Comment by
NOMOREROLLBACKS on May 14, 2024 12:02am
Perhaps Tueton will pay for another hole or two with a private placement like they did before ?????
Comment by
Larry60 on May 14, 2024 9:40am
nomorerollbacks, youre dreaming baby!!!!! no TUO to bail out TUD this time. TUO happened to have ft $$$$ lying around at the time so they bought $10 million worth of TUD stock ( Now worth $2 million!!!). It was a bad move imho...............live and learn. Sorry, TUDs gonna have to put on there big boy pants and raise money on their own!!!!!!!!!!!!!!!!!!!!