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resourceinvest

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resourceinvest

Re: DumpsterDiver post# 19996

Thursday, 04/16/2015 5:30:25 PM

Thursday, April 16, 2015 5:30:25 PM

Post# of 24297
Production still at 20,000 ounces per year. What happened to the 40,000 run rate advised during last quarters conference call. Cash at $4.2 million at March 31st achieved by drawing down $4.4 million of new debt just prior to the end of the quarter. Otherwise they would have been overdrawn by $200,000. That means the company was $5.5 million net cash flow negative for the quarter. At this rate cash will be gone by the end of this quarter. New highly dilutive share issue is around the corner.
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