This Macquarie report seems to be at odds with the recent faltering share price and a lot of gloomy sentiment resonating around this thread of late.
The cash burn is a worry and if another capital raising is on the cards (and this seems almost inevitable from the latest cash report), then the share price weakness is understandable.
It is not so long ago that I thought I read the Canadian oil would make MPO self funding sometime soon.
Can anyone reconcile the differing takes on MPO ?
macquarie equities research report, page-11
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