Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-28

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    lightbulb Created with Sketch. 570
    Sorry but they only have $3.6m not $4m. The upcoming drilling programme will churn a lot of that. If they get early good results, yes, we might see a $30m market cap, but to get to a $100m market cap short term, after drilling, with probably less than $2m in bank is fanciful. That would mean a $100m market cap with less than $2m in bank - name one other company that has that? No, the will need to reissue shares which will feed into the cap table. I am not saying they can’t double from here, but your 50 posts a day, incessant ramping to $100m market cap in the short term is ridiculous imo.
 
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