Timmins & Beardmore - Northern Ontario

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Message: Re: Financials - Re: Puma deal funds and burn rate
1
Aug 29, 2009 10:09AM

Aug 29, 2009 02:43PM

end q3 they have

$527,000 in cash and investments

july pp for acqustions $565,000

2.8 million cash from Puma deal

they ahve spent 1.4 million on expenses for 9 months, probally alot more will be spent in this q.

So bottom line is they will need to raise money again in 2010.

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