""Agree it looks expensive ATM, hence I sold for now.
However, good company IMO.
Cap raise cannot be too far away at the rate they are drilling.""
midlifecrisis
Just some info to help you with your analysis in future.
The Appendix 5B gives you the cash position of the stock. For ABU as of the 30th September, the cash position stood at $13.1 million.
In the Appendix 5B you will also find "Estimated cash outflows for the next quarter" (current quarter) which in this case is $3.3 million.
That means $9 mill in the bank to kick off next year :)
expensive, page-26
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