Everyone on here don’t understand there is a capital raise coming
60 million in cash on hand and 40 million in debt which they have used 25 million of that with no revenue
now that this has occurred has now impacted production outlook and also revenue hence they will avoid using the 40 million in additional debt. Therefore they only have 60 million and last quarter they used up 70 million. They need to raise by March and it will be at a big discount because of the failed flow in each well. The donkeys playing the swing goodluck going to fall further
WA Govt Gas Policy Report Today, page-82
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