staff, admin, corporate costs are bloody $300k per qtr!!!
so they raise $1 million, and they have to take 30% out of that straight away just to sustain the inept people they hire for the next qtr...
hmmmm no wonder no drilling ever gets done...
it has all the hallmarks of a lifestyle company big time, and by the looks of it, not much longer to go either
Ann: Quarterly Activities and Cash Flow Reports 30 June 2024, page-2
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