Yes, the coffers are presently empty & the company's financial crutch ie Pioneer is royally shafting both company & existing shareholders. Every penny does count & there is very few of them.
Supposedly compoany was going to be more financially stable once PFS was delivered. Originally due out 2021 would you believe (no lie) but most recently it was due Q2 2024 which has now been delayed further. Maybe Q3, maybe Q4..... How long is a piece of string ???
Can only hope present financial situation does not impact on EP145 plans but hope is all it is.
One thing management are very reliable in is their unreliability.
Ann: Share Issue to Pioneer Resource Partners and Market Update, page-37
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