"Cash burn for the next 12 months I beleive is $14M. Still puts the share price below cash backing in 12 months time"
They may not keep to it.....read the veery next sentence after that in the quarterly report!!More likely to go up than down Imo.
Page 2
"The capital budget for 2013 is subject to change, pending the result of the Texas Value Maximization Process"
what's happening, page-12
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