AAJ 3.33% 8.7¢ aruma resources limited

One quarter of cash left

  1. 6,536 Posts.
    lightbulb Created with Sketch. 481
    Recent annual report showed cash at bank.of $713k, down from $1.1M since the last quarter 5b report.
    So we have 1 quarter of cash left, maybe 4-5 months at best.
    Any R&D will be some time off, so this is why we are seeing stock heavily sold off at .006 Friday.
    This looks to be heading lower.. Unless these types of speculative explorers have funds, the market is simply not interested,AAJ, not alone.
    On top of that, we have had disappointing low grade results, and the result is .006.
    They avoid the CR word, but seriously, I can't see any way forward unless they raise, and better do it quick.otherwise I fear maybe the next raise will be at .003/.004.
    Can't sugar coat this any longer.
    drifta
    Last edited by drifta: 27/10/18
 
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