The end of year financials show a cash balance of $ 1,000,000 . The upcoming quarterly report , I believe , will show a cash balance of $ 4,500,000 . Dilution yes , but 4.5 million dollars in the bank and beholden to no one is a really good position to be in . I am impressed that Alex has Bassari positioned where he has been able to present our company with a clean skin . No debt therefore no heavy handed pressure , and enabled to approach any organisation with a first mortgage proposal to be involved with this exciting development. $150 per ounce net profit over and above the original and the updated feasibility study bodes well for any organisation with half a financial brain to come on board to profit with all of us who discovered this company earlier. In my opinion every t has been crossed , every i dotted and now we wait , with confidence , for the next ASX Bassari announcement. In anticipation, Thankyou Alex and staff . I am of the belief that my investment in Bassari is a very sound one .
Add to My Watchlist
What is My Watchlist?
