HLX helix resources limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2

  1. 1st
    2,088 Posts.
    lightbulb Created with Sketch. 463
    Dropping the qtrly at market close is always a sure sign for me. $1.67M down from $14M two years ago. That's some serious cash burn, I can't reconcile that with the metres drilled.
    Explains why MR went for a bonus based on drill metres rather than results based, he knew he would find SFA. Lots of fancy red blobs for another lick of dough to keep the merry go round going. Aimoo dyor.
    Last edited by 1st: 30/04/24
 
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