I think this quarter also showed, as they said, they'll need to spend more on development, as they spent very little last Q....and they sold down oil inventory too.
They still have some debt, abate small now, and payables. and apart from the oppies injection, they only generated A$300k from operations net.
1c = A$60m
valuation? I still laugh when I read the US pumpers and twitter crew on here posting that PER BS 10-12x ($25m) revenue = market cap on here. Classic amateur pump stuff.
Next 2 quarters will be the most telling.
AXP Price at posting:
1.2¢ Sentiment: Sell Disclosure: Not Held
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