Alchemy Resources’ Cash Flow Dynamics

Alchemy Resources Limited (AU:ALY) has released an update.

Alchemy Resources Limited reported a modest net increase in cash from operating activities at $21,000 for the quarter, despite a significant investment of $471,000 in exploration and evaluation leading to an overall net decrease in cash and equivalents. The year-to-date figures indicate tighter cash flows with a larger investment of $1,391,000 in exploration and evaluation activities and a net decrease in cash from operations. The company’s cash and cash equivalents at the end of the period stood at $4,003,000, compared to $5,005,000 at the beginning of the nine-month period.

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