That is not profit as in NPAT, rather it is cash margin as in EBITDAX you are talking about.
As SAE has no debt, the I is "no worries" As SAE is NOT yet profitable, and has past losses the T is of little concern, YET.
It is the DAX that KILLS in this industry, just look at TAP, ARQ, ROC, PSA and heaps of others.
SAE is looking promising as a relatively HIGH cost producer, but although I hold, the jury imho is still out on the economics. At 130/bbl I'd say likely to be good, at 85/bbl, at bit ratsh*te.
EL
SAE Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
