Rey Resources Ltd Faces Cash Flow Challenges

Rey Resources Ltd (AU:REY) has released an update.

Rey Resources Ltd reported a challenging quarter ending March 31, 2024, with a net decrease in cash and cash equivalents due to costs in administration, corporate operations, and exploration activities, partially offset by proceeds from borrowings. The company’s financial activities resulted in an overall cash outflow from operations and investments, but financing activities provided a significant cash inflow, which cushioned the impact on their cash reserves.

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