Funding troubles continue for explorers

THE number of cash-strapped juniors is growing, with more than half of Australia’s listed explorers lacking sufficient funds to make it through 2015, according to accounting firm BDO.

Funding troubles continue for explorers Funding troubles continue for explorers Funding troubles continue for explorers Funding troubles continue for explorers Funding troubles continue for explorers

In its latest quarterly cash update, BDO said 56% of locally listed explorers didn’t have enough cash to sustain current operating expenses for a further three quarters, an increase from 53% in the