back of envelope calcs on wti hedged prices =1350 boed x 90 days x $ 60 bbl =$7.29 million for next producing quarter to ssn in net revenue.
We are paying good "jink " to our directors; some of whom are finance experts; so their job is to convince lenders to extend finance to cover shutin period until revenues also become cash positive..
This is not meant to be accurate as far as production or prices in the near term are concerned ; but is my "logic" to say that we will probably be OK ; as long as Directors do not use SSN for their exclusive "LUCKY DIP"...
It would be nice for Chairman to give a fiscal forecast for the coming quarter. If it were to be a reasonable one; it might just stimulate some buying interest and give long suffering s..holders a chance to walk on the bright side of the road..
GLTA
- Forums
- ASX - By Stock
- SSN
- Ann: September 2014 Quarterly Report and Appendix 5B
Ann: September 2014 Quarterly Report and Appendix 5B, page-4
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SSN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online