SI
SI
discoversearch

Gold/Mining/Energy : Silver Bull Resources, Inc.
SVB 0.13-3.7%1:51 PM EDTNews

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Frankly Speaking who wrote (5336)1/10/2017 1:53:39 PM
From: marcos  Read Replies (1) of 5357
 
Pretty much yes, it looks like, though they did spend a few bucks last year, they haven't been idle, just as frugal as possible with cash until financing options improve ... had the Gabon sale, then two smallish PPs last year, smallish in dollar value raised but fair large in new shs printed ... for cash at bank, i had in december the figure of 900k in mind, don't recall why, was probably guesstimate ... burn rate varies, that amount could last them over a year, or under half a year, depending on what they decide to spend ... again, just a guess ... need to finance before long, a tail wind from the metals would really help here

The property is all together and paid up, they did rationalise it some ... there's some organisational stuff in the last md&a on sedar, appear to be fairly logical moves ... mostly we wait though, yup ... i find that beer works well on tear stains, fwiw ... also helps to notice that this tax-loss time we put in a considerably higher bottom than the previous one ...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

Copyright © 1995-2017 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.