Quarterly Cash Flow
The group generated $125,000 from operating activities for the quarter.
With a total of $119,000 spent on investing activities, $118,000 of which was on the Speedway Gold Project), $39,000 utilised in the repayment of borrowings, and an exchange difference of $1,000, the net result was a decrease in cash of $32,000 for the period.
The cash balance at the end of the quarter was $1,822,000.
Related Party Payments
Related party payments of $99,000 for the period are comprised of directors’ fees and salaries. Authorisation
This announcement is authorised by the Board of Directors.
Malcolm Day
Managing Director
The group generated $125,000 from operating activities for the quarter.
With a total of $119,000 spent on investing activities, $118,000 of which was on the Speedway Gold Project), $39,000 utilised in the repayment of borrowings, and an exchange difference of $1,000, the net result was a decrease in cash of $32,000 for the period.
The cash balance at the end of the quarter was $1,822,000.
Related Party Payments
Related party payments of $99,000 for the period are comprised of directors’ fees and salaries. Authorisation
This announcement is authorised by the Board of Directors.
Malcolm Day
Managing Director