The high development costs are behind them as all wells are now online - the Accounts Payable figure was down to $2.8mil at 31Mar which was more than covered by $2.6mil cash in the bank plus $3.0mil in receivables plus $1.2mil realised in early April from closing out the hedges and they would be operating cashflow positive in April and onwards.
The only risk to shareholders are Management's forward expansionary plans.
SSN Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
