OIP 0.00% 4.3¢ orion petroleum limited

mc below cash at bank: wtf, page-13

  1. 1,084 Posts.
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    Check out the quarterly dated 24/4. They estimate exploration costs for the current quarter at a paltry $2M. I say paltry because they have $20,399,000 CASH! Their quarterly outgoings were a meagre $45k. They have been effectively "living" off the interest over the past 3 months!
    120 million shares with over $20M in the bank and budgeted expenditure of just $2M this quarter which covers the two planned wells. This is an extraordinary opportunity for the astute.
 
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