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theseeker03

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theseeker03

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Wednesday, 05/13/2015 3:10:39 PM

Wednesday, May 13, 2015 3:10:39 PM

Post# of 35717
AUMN

I was watching the quarterly balance sheet of AUMN on Google Finance and they are down to $8mil in cash. They seem to burn through at about 4-6mil a quarter. I know they have very little to no debt, but still, for me as a shareholder this is becoming a red flag as a candidate for bankrupcy.

From observation of mining companies in similar situation, how long can we expect AUMN to stay afloat before filing for bankrupcy? Or am I overreacting ...
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