STN 0.00% 18.0¢ saturn metals limited

That not the point Starr. Any listed exploration company that...

  1. 5,272 Posts.
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    That not the point Starr. Any listed exploration company that has no income stream is totally reliant on raising money to fund operational expenses. They should know that anything can happen on the market at any time. Money should be raised when it can be easily done so. The Corona Virus was already starting to spread to other countries when the share price was a lot higher. The fact they didn't raise when the stock was at $0.45 or $0.50 reflects poorly on managements judgement. They had 3 months from January 01 to March 31 ( the March qrt ) knowing that at March 31 there would only be around $1.5M left. In other words insufficient funds to do any exploration in the June qrt.

    You cant make excuses when you know months in advance what your cash situation is going to be.
 
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