RFV 0.00% 10.0¢ rift valley resources limited

how long will your merged cash last?

  1. 248 Posts.
    From reviewing BUT's accounts I note the following since 1 November 2009 (New Mgt Start date - 25 Months to 31 Dec 11). - Circa Cash Payments of $104,000+ per month for Admin & Employee Expenses PLUS non cash employee Benefits of $52,039

    Cash Inflows (assumes Zero Cash on Mgt Change 30 Nov 09)
    1. Capital Raising's $5,548,000
    2. Sale of Adelong $1,000,000
    3. Bond Money Refund $ 197,000
    4. Interest $ 165,831
    5. Adelong Option Fee $ 25,000

    TOTAL CASH INFLOWS $6,935,831

    Cash Outflows
    1. Final Adelong Installment ($900,000)
    2. IAMGOLD - Kitongo ($180,000)
    3. Capital Raising Costs ($189,960)
    4. Exploration ($1,253,500)

    SUB TOTAL CASH BALANCE +$4,412,371

    LESS CASH AT 31 DEC 11 ($1,563,000)

    = UN ALLOCATED EXPENDITURE ($2,849,371)

    CONCLUSION

    The last 26 Months has seen CASH PAYMENTS circa $2.9 million ($110,000 per month)being spent primarily on Administration and Wages.

    This excludes $1,300,990 NON CASH expenses relating the issue of 25 million options to Directors and Mr Red Oaks.

    This Reconciles to the P/L which and the Dec 12 5B which shows; the accounting costs for Admin & Wages = $3.9m less the non cash option amount of $1.3m = Circa 2.6m in CASH payments for Admin & Employee Expenses.

 
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