Tell me where I'm wrong - they have sufficient liquidity to drill Vali and Odin. $600k cash and $2.7m of shares...$3.3m to pay for what, $2m of wells?
Cervantes is clearly another story, but with two well results due before spud there is flexibility in strategy. They'll have at least half a mill up the sleeve, a very high chance of BYE attaining refinancing and spiking, and a worst case shortfall of a couple of million.
I'm hoping for a pre-sale deal of Vali gas, combined with option conversion and a BYE price spike. A BYE price spike could nearly cover things by itself.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.674M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 16630498 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10381720 | 9 |
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| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
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