More hopeful statements and another month to wait for developments - they definitely need a partner. Completion of a govt funded pipeline to their start-up operation by the end of the year would save the costs of a trucking operation.
Financially still looking sick with only $1.3mil in cash against payables of $1.8mil - the remaining $5mil in undrawn facility funds look to be purely for Yemen production start-up costs. Shareholders funds are $15.5mil negative.
PSA Price at posting:
5.0¢ Sentiment: None Disclosure: Held